It is not uncommon to find pundits in our news media discussing the merits {if any} of the fractional reserve system and of course the Federal Reserve System (The Fed). Some have labeled The Fed a Ponzi scheme and have called for a return to the Gold Standard. On the ether hand, others have articulated that without the fractional reserve system, and the at nature of money, most economies will remain poor and economic growth will be stagnant. Where do ygu stand gn this? Present a sound economic argument for your position