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To: RockinRight

Fractional reserve banking would be illegal under a gold standard. If it weren’t, it wouldn’t be a gold standard.

What do you mean by no inflation? Monetary or price?


4 posted on 03/22/2009 9:19:54 AM PDT by djsherin (Government is essentially the negation of liberty.)
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To: djsherin

Here’s Karl Denninger’s take on Fractional Reserve Banking:

http://market-ticker.org/archives/865-Reserve-Banking.html

Makes sense to me.

How is what he says impossible under a gold standard?


10 posted on 03/22/2009 9:45:01 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: djsherin
Fractional reserve banking would be illegal under a gold standard.

We had fractional reserve banking under the gold standard. Sorry.

13 posted on 03/22/2009 10:19:40 AM PDT by Toddsterpatriot (Havoc has been back since September. Or was it April?)
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To: djsherin

Fractional reserve banking coexisted for years with the gold standard. The two aren’t mutually exclusive.


26 posted on 03/22/2009 2:48:27 PM PDT by Pelham (America, defeated and occupied by the 3rd World.)
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To: djsherin
Fractional reserve banking would be illegal under a gold standard. If it weren’t, it wouldn’t be a gold standard.

Bullsh*t. It STARTED under the gold standard.

46 posted on 03/22/2009 7:36:38 PM PDT by RockinRight (How do you like your Savior now, libs? Looks like Jimmy Carter is no longer the worst President...)
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