Post
Topic
Board Economics
Re: Fractional Reserve Lending IS NOT bad - its unavoidable
by
whathewhat
on 13/05/2014, 21:11:02 UTC
Hey, just want to be clear why you guys are saying frb is 'fraud'. I don't get it. Fraud means that there was some dishonesty. However, the frb system, at least in the us, is very well understood and how it works is public knowledge. So, no real deception/dishonesty. Who is deceiving who, and how?