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in another thread containing discussion about malinvestment due to inflation...or perhaps more appropriately a beast called 'credit expansion' i mad ethese remarks...." "if..... 1000 ounces of gold existed and circulated as money in an economy for one year. six months later several...
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"I know that for every $100 of deposits a bank can lend $900 on a 10% reserve ratio system," per this phrasing seems confusing to me. it would seem that it would be more correct to say that for every $100 of reserves in a bank the bank has lent out $900 of deposits.... based on a 10% reserve...