Urchin on Nostr: Fractional reserve banking is older than central banks. The bankers of old convinced ...

Fractional reserve banking is older than central banks.
The bankers of old convinced kings to legalise this fraud in return for generous credit.

Any reason for fractional reserve existing other than fraud being profitable is a post-hoc justification for said fraud. And these days it's more like fictional reserve.

You should go back to being angry, it is the correct state of mind.