Fiat currency and fractional reserve banking

Discussion in 'Economics' started by Renegen, Jun 27, 2007.

  1. achilles28

    achilles28

    Then try it yourself.

    Open up shop, make dollars out of nothing in exchange for 'assets' and see how far you get.

    Thats the difference. No one is allowed to legally counterfeit except the banks.

    Even Neoclassical textbooks are out of step with 'your thinking'.

    You're in denial.
     
    #61     Jul 7, 2007
  2. Exactly.
     
    #62     Jul 7, 2007