“Without fractional reserve banking and the fiat that protects it, capital and labor would flow to the highest bidder, and that will always tend to be the entrepreneur who uses capital and labor most productively. This would encourage people to save, as free-market forces work to efficiently allocate resources according to the most productive and valuable endeavors.”

— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous