Fractional Reserves Everything you ever wanted to know about fractional reserve banking.
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A collection of my thoughts on economics. Saturday, 18 November 2017. MMT an intellectual slight of hand. Imagine you pour some water into a bucket at a rate of one litre per minute. how much more water is there in the bucket compared to when you started? I hear you say. Wrong! I forgot to mention that there was a hole in the bucket which leaked water at half a litre per minute. What kind of dirty trick is that! I hear you say. well its the same kind of trick used by MMT.
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Everything you ever wanted to know about fractional reserve banking. Our current monetary stystem. Relation to booms and busts. The textbooks are wrong! Fractional reserve banking and why its a disaster. A collection of resources for anyone researching our widely misunderstood monetary system. 8220;Its a process that, even today, few bankers understand. Milton Friedman, Nobel Prize winner in economics, 1976. Described standard university teaching of our monetary system as.CONTENT
This web site fractionalreserves.com states the following, "Everything you ever wanted to know about fractional reserve banking." We noticed that the website also stated " Relation to booms and busts." It also said " The textbooks are wrong! Fractional reserve banking and why its a disaster. A collection of resources for anyone researching our widely misunderstood monetary system. 8220;Its a process that, even today, few bankers understand. Milton Friedman, Nobel Prize winner in economics, 1976. Described standard university teaching of our monetary system as."SEEK SIMILAR WEBSITES
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