那你看，部分准备金银行制度在两个方向同时运作。
今日的银行业运作在所谓的“部分准备金银行”制度下。
Banksoperate on what is called a "fractional-reserve banking" system.
由于我们身处一个部分准备金银行制度下，间接影响也随即发生了。
Because we live under a system of fractional-reserve banking, other consequences quickly ensue.
然而，正如我们以上所见，部分准备金银行的存款没有任何“可保”的理由。
As we have seen above, however, fractional-reserve bank deposits are in no sense "insurable."
那是因为，我们的金融系统是建立在某个被称为部分准备金银行制度的基础上。
It is because our financial system is based on something called fractional reserve banking.
部分准备金银行体系是指允许银行向外进行借贷业务，而这些钱并非银行所有。
Fractional Reserve banking is a system of banking that essentially allows Banks to lend out money that they don't actually possess.
且既然整个部分准备金银行制度的意义就在于银行不需要有足够的储备金去兑现它的票据，因而罗斯巴德银行会很快破产倒闭。
And since the whole point of fractional-reserve banking is not to have sufficient money to redeem the receipts, the Rothbard bank would quickly go under.
如果大多数银行一起这样做，所谓的部分准备金银行制度就成为可能。因此，如果一家银行“创造”的货币成为另一家银行的存款的话，那就不会产生很大的影响。
Fractional reserve banking as it was called was possible if most of the Banks engaged in this practice together so it did not much matter if money "created" by one bank was deposited with another.
如果大多数银行一起这样做，所谓的部分准备金银行制度就成为可能。因此，如果一家银行“创造”的货币成为另一家银行的存款的话，那就不会产生很大的影响。
Fractional reserve banking as it was called was possible if most of the Banks engaged in this practice together so it did not much matter if money "created" by one bank was deposited with another.
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