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hello, I have a question about Debt Money. Im not sure that is the right phrase so let me give an example. Person A is out of money so borrows 10 gold coins from his friend person B, and so he does not forget to pay his friend back he gives him an IOU of 10 gold coins. Person B then goes to the store...
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I just posted a response over there. I tried to clear up a few of the myths surrounding sound money, free banking, and the business cycle. Hopefully a few readers will be interested in Huerta de Sotos' book . I found the book to be quite enlightening, despite having previously read Rothbard's...