Dedicated to the prospect of setting up a full reserve bank in the USA, as well as analysis of the current economic environment.

Thursday, March 5, 2009

Money as Debt

I'm sure many of you have seen this already, but it's always a good reminder of how ridiculous our fractional reserve system really is. The first 30 minutes are really the best, as he describes the details of the system. The latter part is devoted more to speculation about what a sounder monetary policy would be.. some of the suggestions are not my cup of tea, but that kind of thinking will definitely be critical if we are ever to get back to sound money.. money that is not debt!

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