State money is vulnerable to deposit insurance

Tuesday, 25 October 2011

Fractional reserve banking is bad because it causes inflation

The only problem with fractional reserve banking is the inflation.

Geolibertarian at 02:18

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Geolibertarian: John Locke, Second Treatise of Government: "No body could think himself injured by the drinking of another man, though he took a good draught, who had a whole river of the same water left him to quench his thirst."

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