Hello Michael,

Thank you for taking the time to share your thoughts with our fellows. You raise very important questions, that I believe may be summarized as, "What the hell are they going to do if this thing passes?" I gave an interview here in the United States two years ago to Marketplace Radio (the most popular business show here in the US with 9 million daily listeners) and that was the nature of the questions in that interview, too. For what it is worth, if you follow some of the links in this post, as well as my previous post, you will see that the adherents to variants of the Chicago Plan do have plans for implementation. Plans and consequences do not always align, of course.

Also, regarding your point of not being able to imagine a world without fractional reserve banking. No one alive has global experience with a world without fractional reserve banking, because none of us alive have lived under such a regime. It was hundreds of years ago when we last lived in a full reserve environment.

Last, thanks for your kind words. Out of curiosity, what other stories strike you as quirky? I take quirky as a complement, by the way.

Yours, in service,

Jason