Page 1 of 1

Fractional reserve lending of concrete blocks

PostPosted: Fri Oct 15, 2010 12:56 pm
by mickeyman
A Ghanaian fable.

http://worldcomplex.blogspot.com/2010/1 ... naian.html

Poor Kofi is trying to accumulate blocks to build a house. He meets a clever fellow who sells him a piece of paper representing blocks held in storage. Hilarity ensues.

Re: Fractional reserve lending of concrete blocks

PostPosted: Fri Oct 15, 2010 1:17 pm
by Devil Soundwave
Thanks for the link, I enjoyed that. Very good point, well made!

Re: Fractional reserve lending of concrete blocks

PostPosted: Fri Oct 15, 2010 1:45 pm
by Lemon Thrower
"I would not buy anything from someone named Kwame Sikani."

Re: Fractional reserve lending of concrete blocks

PostPosted: Fri Oct 15, 2010 2:21 pm
by AGCoinHunter
Good story. Thanks