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Response to Bunnahabhain (Reply #46)

Tue Aug 13, 2013, 05:59 PM

52. No, quite the opposite. The brilliance of the fractional reserve system is that it is by its

 

nature self-regulating. Any time the capacity or supply falls out of balance, it expands or contracts to restore it. It cannot do any differently.

Eliminating interest is bad for bank owners and to a lesser degree, financial speculators, but it yields a far more stable economic engine and the often requested predictability that business loves (or claims to love).

Oh, and monopolies. Monopolies* would also really hate it as it makes competition not only possible, but inevitable.



*Includes all variations of monopoly, duopoly, cartel, consortium, etc.

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LineLineLineLineLineReply No, quite the opposite. The brilliance of the fractional reserve system is that it is by its
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