tag:blogger.com,1999:blog-5404820640426099135.post524551228676293696..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: Is fractional-reserve banking inflationary?Paul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5404820640426099135.post-29477263576258819872011-09-08T06:45:05.247+12:002011-09-08T06:45:05.247+12:00You conveniently left out the biggest problem with...You conveniently left out the biggest problem with FRB. We now have a system in which money can only be created as debt. At the time of the Nixon shock in 1971 the total US money supply was only around $300 Billion. Since then $15+ Trillion has been created, virtually every dollar created as debt. This is obviously insanely unsustainable and can only result in everyone - consumers, businesses, local and national government - all being in debt to the oligarchy with the corrupt unconstitutional power to create money as debt. As we are seeing now the crushing debt is killing our fantastic technological potential productivity.<br /><br />END FRB! Support Monetary Reform Bill H.R. 6550.TJhttps://www.blogger.com/profile/09915606899906451576noreply@blogger.com