State money is vulnerable to deposit insurance

Friday, 24 February 2012

Without deposit insurance the state is not a bank

Deposit insurance should not exist otherwise the state is a bank.

Geolibertarian at 21:07

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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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