Conditional Falsehood

This is faux for a fixed regulatory working capital missive of the alphabet in addition to when subjected to fourth dimension domain analysis:

Banks produce non lend out reserves in addition to a item bank’s powerfulness to expand its residuum canvass past times lending is non constrained past times the quantity of reserves it holds or whatsoever fractional reserve requirements that mightiness endure imposed past times the fundamental bank.

— Nathan Becker (@netbacker) July 14, 2018

Not taking final result alongside netbacker precisely perchance the ane who rate this sentiment inwards his head...