Fractional Reserve Banking as Economic Parasitism

[Truth Warrior]

Fractional Reserve Banking as Economic Parasitism
http://129.3.20.41/eps/mac/papers/0203/0203005.pdf​

 

[forsmant]

This was posted before with little interest then.

 

[Truth Warrior]

This was posted before with little interest then.

Yeah, it probably just ought to be a video.

 

[forsmant]

It is a very long paper. I have not read it either. Have you read it?

 

[Truth Warrior]

It is a very long paper. I have not read it either. Have you read it?

I consider Tolstoy's, "War and Peace" a long paper. I haven't completed quite all of it yet, but I liked it well enough to post it for comment.

 

[forsmant]

Are the conclusions any different than those of Rothbard or Mises?

 

[Truth Warrior]

Are the conclusions any different than those of Rothbard or Mises?

Oh, probably, he's a different guy.

 

[tmosley]

Yup, FRB definitely causes a misappropriation of resources, and creates a whole class of people who contribute nothing to society.

Big government has a similar effect, creating a vast class of lawyers, bureaucrats, and pencil pushers.

 

[Truth Warrior]

Society???

 

[forsmant]

I know its a big word with abstract meaning, TW, but go ahead and look on your dicionary site and you will find out what it means.

 

[Truth Warrior]

I know its a big word with abstract meaning, TW, but go ahead and look on your dicionary site and you will find out what it means.

I know what it means, human mental concept and construct, abstraction, unreal. non existent AKA "sloppy" thinking.

 

[tmosley]

I know what it means, human mental concept and construct, abstraction, unreal. non existent AKA "sloppy" thinking.

I bet you're popular at parties.

Or are those abstractions too?

 

[Truth Warrior]

I bet you're popular at parties.

Or are those abstractions too?

The ones I choose to attend, yeah pretty much. Nope, just FRIENDLY folks yakking and enjoying each other's company.

"Society are people." -- Frank Chodorov

 

[Truth Warrior]

[FONT=Verdana, Arial, Helvetica, sans-serif][FONT=Georgia, Times New Roman, Times, serif]Fractional-Reserve Banking[/FONT]
It's fraudulent, says Laura Davidson.[/FONT]​