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Posts Tagged: “fractional reserve banking“

The State’s Endless Quest for a Free Lunch
Through its insistence on controlling the money supply, the modern state has turned coin clipping and rank monetary debasement into exalted progressive doctrine. The state’s printing of new money seems like a “free lunch,” but we all know that there’s no such thing. The following article was originally published by the Mises Institute. The opinions […]

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Inflation Drives Inequality
Government bailouts are surging, converting temporary bank-created money into permanent inflation. This inflation hurts the poor and benefits well-connected banks, driving inequality.