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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...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
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http://ponziworld.blogspot.com/2008/01/deflation-vs-inflation-vs-both.html While I am new here, and to economics in general, I have started to believe a deflation is coming. Or at the very least there is deflationary pressures on the economy. What I can't find explained anywhere, is a "See Spot...
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[quote user="DSnead"]A contract presupposes property rights. Fractional reserve banking violates private property rights because two or more people claim ownership of the exact same thing...[/quote] DSnead , I would think that it would be a conditional transfer of property from the owner to...