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I was listening to Peter Schiff, and I heard him say that you don't have to give up a fractional reserve system as long as you tie it to gold. However, I thought you would want a 100% reserve currency because otherwise the money supply could still change based on the amount of credit in the system...
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Thanks for posting the link. I thought the video was interesting but I don't agree with a lot of what it says. Here are my main disagreements: -The author seems to think that a constantly growing money supply is necessary. -The film condemns all credit transactions where interest is charged, as opposed...