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I had thought he was talking about the reserve capital requirement of each bank, which has fallen from 10% to, perhaps, 3% in some banks. You might see why I thought that might collapse the money supply. Nomenclature.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue May 10th, 2011 at 06:17:00 PM EST
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