ApertureScienc39 karma2014-10-06 21:31:58 UTC
Do you know that fractional reserve banking is how the banking system has worked for literally centuries? And do you know that switching to full-reserve banking would massively contract the money supply, instantly throwing us into depression?
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ApertureScienc26 karma2014-10-06 21:33:28 UTC
Because massive international class action lawsuits are obviously the best way to stop global warming? Obviously.
ApertureScienc8 karma2014-10-07 01:26:42 UTC
Well, it depends on your definition of the entirely fictional thing called full reserve banking, which our would-be Congressman is apparently calling for.
ApertureScienc8 karma2014-10-06 21:35:07 UTC
In a fully privatized society, obviously you have to let 5-year-olds work. How else are they going to afford their kindergarten tuition?
ApertureScienc2 karma2014-10-07 01:23:40 UTC
Read the definition of fractional reserve banking on Wikipedia and please explain to me how it has anything at all to do with the national debt or the Fed's quantitative easing programs.
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