People who run around saying it's based on debt should know.
And if you know what fractional reserve banking is, why would you be surprised that there isn't enough cash to pay back all the loans at once?
When money is created out of nothing, that increases the money supply.
You deposit $1000 in the bank. I take out a loan for $900. The increase in the money supply wasn't created out of nothing, it was created from a deposit.
You do that on a large scale such as keeping interest rates artificially low for a long period of time.
Did Venezuela create inflation by keeping rates too low for too long?
The Constitution mentions gold or silver as acceptable payment for taxes. When was that repealed?
You don't think FRNs are constitutional?
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