Viewing profile — eternal_skeptic
eternal_skeptic
HN member- Joined
- Thu, Aug 04, 2011, 4:35 AM UTC
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About eternal_skeptic
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Comment #2844676
So you're calling fractional reserve banking "counterfeiting". I assume you oppose it. Let's analyze your argument. Fractional lending doesn't particularly benefit the rich. A lot …
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comment
Comment #2844618
You say "Banks, and the Federal Reserve, create new money". That is factually untrue: only the Federal Reserve can legally create new money in the US. Since you mentioned it by nam…