Fractional reserve banking and fptp are resistant to change because they require a positive campaign to get rid of them... rather than a destructive campaign like getting rid of taxes.
To campaign against frb is in fact to campaign in favour of full-reserve fiat money. Just like a campaign against fptp is actually a campaign for proportional representation. And because these are positive campaigns they are not very successful even though they would lead to liberal outcomes.
Thursday, 10 May 2012
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