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User Info Why we will experience deflation; entered at 2007-12-02 02:11:05
Anti
Posts: 3403
Registered: 2007-10-09
Fractional reserve banking may have been present from early days but it is in essence and origin, embezzlement and is at the root of economic cycles. It's a long story both in the legal origins and the effects but worth the effort to understand.

http://www.mises.org/store/Money-Bank-Cr....

2007-12-02 02:11:05