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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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I have thus far found the Mystery of Banking to be an amazing book on the dynamics of the money system. But Rothbard's description of the fractional reserve system does not jive with what I have been taught and this definition becomes essential later on when he explains why fractional reserve banking...