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SimonS
4 Comments
Nation's Debt: It's Not Being Rescued, It's Being Moved Around
Looming Financial Catastrophe: A Real Inconvenient Truth
Which Inflation Is It Anyway?
You can still borrow money in a full-reserve banking system. It's just that the lender cannot withdraw the money in exchange of interests until the debt gets repaid. In contrast, fractional reserve banking system can lend out up to 90% of deposits which is equivalent to expanding the money supply 10 times.
The Incredible Lightness of Being (Employed)