I have mixed views on fractional reserve banking. How else would capital pool together to tackle issues that require signficant outlays. If I were to build a hydro damn or nuclear plant, where would the "money" or labor or capital or whatever this guy would call it come from. A very rich donor? Several very rich investors? Government? but of course these very same people would decry the very existance of gov't intervention. Libertarian for life! Unregulated fractional reserve banking is the bigger problem in my opinion.
How about a government that issues 0% interest loans?
Every interest bearing loan is mathematically impossible to pay back.
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