Friday, January 16, 2009

Why allow banks to increase the money supply?




UK broad money supply (M4)



Average UK property prices


Don't really have an answer to that question. It is rhetorical... Why allow Fractional-reserve banking? Presumably to protect customers who would otherwise have been defrauded by their bank.

We don't compensate people when they buy a faulty car.

Perhaps we should be given a choice between using a currency that can be diluted by the Banks and one that is deposited at your own risk?


24th January 2009

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