State money is vulnerable to deposit insurance

Tuesday, 8 November 2011

Fractional reserve banking enables banks and borrowers to print money out of thin air

Bank credit is money.

Geolibertarian at 16:38

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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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