Friday, 4 January 2013
It is strange that voters let banks print money
The problem with banking is that the voters enable banks to increase the money supply which leads to inflation. There is no reason why the voters are better off enabling the banks to act in this manner. If it is good to have a fiat currency then it is possible for only the government to print money. There is no reason why voters (unless they are a bank) would want the banks to print money.
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