Quantizing Money

11 Pages Posted: 9 Jul 2012

Date Written: July 9, 2012

Abstract

The reserve requirement on demand deposits drives the dynamic efficiency of the monetary production economy and market growth. The progressive marginal minimization of reserves is the single cyclical cause of economic crises in the market production system. Only a radical maximization of the reserve requirements and a systemic separation of money from credit in banking processes can rectify this quantum monetary mischief by reducing the total social cost.

Keywords: reserve requirement on demand deposits, radical maximization, total economic cost of marginal minimal reserve banking

JEL Classification: B41

Suggested Citation

Ternyik, Stephen I., Quantizing Money (July 9, 2012). Available at SSRN: https://ssrn.com/abstract=2102463 or http://dx.doi.org/10.2139/ssrn.2102463

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