State money is vulnerable to deposit insurance

Friday, 24 February 2012

Deposit insurance is caused by fractional banking

We wouldn't need deposit insurance if not for fractional banking.

Geolibertarian at 18:44

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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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