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Explainer: What Is Fractional Reserve Banking?

Explainer: What Is Fractional Reserve Banking?

In response to our article defining the correlation between inflation and interest rates, TFR has been asked by many subscribers to explain the system that makes this possible. What is fractional reserve banking? Fractional reserve banking is a system of banking that...
Inflation Soars to 7% a 40 Year High

Inflation Soars to 7% a 40 Year High

  CPI data released this morning revealed that the year-over-year inflation rate has hit 7%. This is the highest rate experienced in 40 years (since 1982) in the USA and there is no sign that we will be inflecting downward any time soon. Inflation is a tax on the...