State money is vulnerable to deposit insurance

Sunday, 29 January 2012

Bank credit is cash because of deposit insurance

Deposit insurance enables banks to increase the money supply.

Geolibertarian at 15:39

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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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