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eternal_skeptic
searching PlanetScale…
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by
eternal_skeptic
15y ago
So you're calling fractional reserve banking "counterfeiting". I assume you oppose it. Let's analyze your argument. Fractional lending doesn't particularly benefit the rich. A lot (IIRC, the vast majority) of the current millionaires in th
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by
eternal_skeptic
15y ago
You say "Banks, and the Federal Reserve, create new money". That is factually untrue: only the Federal Reserve can legally create new money in the US. Since you mentioned it by name, you are definitely talking about the US, but the same sta