Quote:
Originally Posted by duga
Now...the specific example I gave was mentioning the banking system. Sure, the banking system is not capitalism, but here in America, the banking system is pretty integral part of capitalism. The way we spend our money, earn money, and gain a foothold in the country based on capitalism is directly related to the way the bank is run. With the fractional reserve system combined with the free market, it is a recipe for disaster. Now, if you don't know how the fractional reserve system works I will be happy to explain it to you.
If you can point out the strawman in this argument, by all means do it.
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I'd love to see the complaints with the fractional reserve system. It is needed, if you don't feel comfortable with the banks using it, go ahead and keep your money under your mattress, but have fun keeping up with inflation.