Interesting question. Ok, back to the basis (when a buiding shake let's examine the basement!). Money is, IMO, a promise of work. Already done...
Good point. But but isn't there one little difference between your case and FRL? If something goes wrong, and a huge amount of lending do not...
Very interesting quotes and very interesting discussion. Thanks to all who wrote, especially traden4Alpha, jueco, trefoil and antitrust.
Maybe I'm simply a ignorant fanatic, but why FRL should help a poor to become richer? I'm sure it is true that a non-FRL system will make credit...
Sure. But only if you can lend deposits. I'm saying a bank should not allowed to. If some of that 10,000$ is converted in long-run deposit (say...
Just found elsewhere here in ET a link to very interesting article that could be well connected to this thread:...
Not follow. I buy a CD or a bond. It will have a due date. My money is blocked into it until due date. Any $$ of bond that the bank is lending is...
In my opinion, from savings specifically assigned to long-run (as today we do with bonds or CD or any kind of financial "investment". Of course,...
Which country are you speaking of? Seems the description of my country (Hollywood sells a different image of USA). Before measures like...
Interesting point.... Sometime I forced to believe two parties systems are THE system all (?!) wants, as media and politicos always repeat...
At best of my knowledge, you can add almost all central banks of European Union. This means ECB seems to be private, too (because its shareholders...
Thank you very much for your explanation. I was lurking around here for a while, and I found a lot of interesting posts in this forum. IMHO...
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