fractional reserve

A Swiss group, Monetary Modernization, has collected 100,000 signatures calling for an end to fractional reserve banking. This is sufficient to force a referendum on the matter. It is unclear if the full reserve banking proposal would be limited to transaction accounts or also apply to savings...

Some of my otherwise level-headed friends appear to have been taken in by theories about how the fractional reserve banking system is somehow a major problem. Specifically, they've been impressed by the book 'Web of Debt' by Ellen Hodgson Brown. It's a thick volume, but my initial impression is...