Thursday, 10 May 2012

Why we still have frb and first past the post

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.

No comments:

Post a Comment