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I saw that someone posted this link and chart recently - http://research.stlouisfed.org/fred2/series/EXCRESNS . I’m almost through The Mystery Of Banking by Rothbard and am becoming very interested in what I think this chart is saying. Rothbard refers to banks that are “fully loaned up”...
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People say that rising prices are not as bad now because banks are not lending all the money. That makes sense, but they are still lending a ton, at least according to this graph. http://research.stlouisfed.org/fred2/series/TOTLL?cid=100 I am confused about why prices are not higher if there is still...