Monday, 3 October 2011
Banks can print money if bank runs are not possible
Bank runs are perhaps regrettable, but they are necessary to prevent banks from being able to print money.
Saturday, 1 October 2011
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About Me
- 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."