Fractional law making politicians over expand the law supply through a fractional law making system.This inflation in the law supply leads to a devalue in the law. When laws are fractionally expanded they become more and more immoral and unjust. When citizen's are forced to live surrounded by degenerate laws their morals become devalued as a result.

These fractional laws are a paper illusion.

Fractional law making creates a moral debt in society.
I revised the quote in the original post because its author cannot capitalise nor correctly place his apostrophes, and I will not denigrate my posts with such things.

He is taking two things he does not like - fractional reserve banking, and excessive regulation - and making spurious comparisons between the two. The mechanics of fractional reserve banking have nothing to do with over-regulation aside from the fact that they are iterative processes. He can think what he pleases about laws on paper, but the gang of thieves that enforce them is very real.

It is a paper tiger at best, poorly written prattle at worst.