From what i have gleaned it is the banks that are doing a lot of the money expansion with the fractional reserve system. The math goes something like this: the bank gets an 1100$ loan from the Fed and leverages it into 100K bucks... Now that's some fancy inflation right there!
From what i have gleaned it is the banks that are doing a lot of the money expansion with the fractional reserve system. The math goes something like this: the bank gets an 1100$ loan from the Fed and leverages it into 100K bucks... Now that's some fancy inflation right there!
I have an article explaining the scam of Fractional Reserve Banking... Right here: https://artofliberty.substack.com/p/the-private-federal-reserve-and-theft
"Socialists despise the idea of consumer sovereignty because it means allowing mistakes"
For instance, vaccine choice. Ergo, many academic libertarians are Immune system socialists.
Jonathan Newman is a great kid. I've learned plenty from him.