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fractional reserve
Fiat vs Gold, both crappy?
I am fully open to criticism of any part as I am not confident of all my assertions. but anyway: It wasn't until colonialism brought unprecedented expansion that bankers were able to get away with their fractional lending scheme. I think this is because commodity based currencies worked fine in slowly...
Posted to
Economics Questions
(Forum)
by
nazgulnarsil
on Wed, Nov 19 2008
Page 1 of 1 (1 items)