Full Reserve Banking

[Colonâ„¢]

I'm not having any issue with the newb, I just don't understand what he's trying to say.

Yeah, I noticed.

[Fake Boris]

well i've already shown that L/D < 1, which is contradicts your claim.

I was talking about Rah's deposit, not all deposits held by all depositors, you buffoon.

Of course your theory assumes that there exists money that is not credit, which is another round of rubbish.

[Fake Boris]

Yeah, I noticed.

I finally got what he's trying to say. Unsurprisingly, I had a hard time understanding because he's plain wrong.

[hitokihitoshi]

Of course your theory assumes that there exists money that is not credit, which is another round of rubbish. <-- this is not true

I finally got what he's trying to say. Unsurprisingly, I had a hard time understanding because he's plain wrong. <--- this is also not true for at least two distinct reasons

finally, if i we're just focusing on RAH IN ISOLATION, what is the sense in which you mean "average"? what are we averaging over?

[Fake Boris]

You're a complete moron.

My initial claim was about deposit multiplication from an assumption of average balance on Rah's bank account.

Your bogus counterpoint argues with a value of D which is not Rah's average balance, but the balance of all depositors.

finally, if i we're just focusing on RAH IN ISOLATION, what is the sense in which you mean "average"? what are we averaging over?

We're averaging Rah's account balance, working with an hypothesis of 2k.

http://www.investopedia.com/terms/a/average-balance.asp

[Dauphin]

Have you two spent a page trying to work out what an average is?

[hitokihitoshi]

i agree with your current interpretation, but i think that it's pretty clear from context that this is not what you had in mind at the time that you made the claim in question. if i'm wrong, then i'd argue that you were being highly misleading toward Rah and the other debaters. moreover, the number of ridiculous things that you've said en route to your current interpretation leaves me pretty skeptical about your grasp of the material. i'm pretty sure that you know way too little on this subject to have such strong opinions. i'd encourage you to get educated and i'd encourage the other debaters to avoid misinterpreting your bluster as a sign that you know what you're talking about.

[Aeson]

I wouldn't worry about that. Here at Apolyton we always put our trust in the other guy being wrong.

[C0ckney]

it's what keeps the site going.

[Lorizael]

i'm pretty sure that you know way too little on this subject to have such strong opinions.

This post belies a fundamental misunderstanding of psychology. We tend to have the strongest opinions about that with which we are least knowledgeable. (Throwing in a for good measure, because I don't want to give a n00b the wrong idea.)

[Sava]

You're a complete moron.

nah, some parts are still missing

[Fake Boris]

i agree with your current interpretation, but i think that it's pretty clear from context that this is not what you had in mind at the time that you made the claim in question. if i'm wrong, then i'd argue that you were being highly misleading toward Rah and the other debaters. moreover, the number of ridiculous things that you've said en route to your current interpretation leaves me pretty skeptical about your grasp of the material. i'm pretty sure that you know way too little on this subject to have such strong opinions. i'd encourage you to get educated and i'd encourage the other debaters to avoid misinterpreting your bluster as a sign that you know what you're talking about.

What makes you worried about my grasp of the material?

I sincerely had a hard time getting your point because your calculations looked like they confirmed my point.

I admit I wrongly used the term "average deposit" rather than "average balance". But that was in the discussion with you, not with Rah. Talking to Rah, I clearly said "if your average balance is 2k, the bank (assuming an economy with just 1 bank of course) earns interest on 15-20k.

[Fake Boris]

Have you two spent a page trying to work out what an average is?

No.

[Sava]

Reading that discussion made me want to punch both of you.

[Pedotard]

I'm too lazy to read it but Fake Boris is probably wrong.