Replying to Avatar Michael Anton Fischer

Bullshit. Lending is necessary.

Fractional reserve is not lending, it is theft. You create new money and lend out the purchasing power of others forcefully, because you weren’t able to get them to lend it willfully.

All fractional reserve is a criminal fraud.
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monk_cactus 2y ago

This is what you’re doing by conflating fractional reserve with the current state mandated system. Fractional reserve banking in a free market is investing. It involves risk. FDIC, the idea that the US will backstop everything, and banning full reserve banks results in the theft you’re railing against

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Michael Anton Fischer 2y ago

No sorry, this has nothing to do with a free market, just like short selling hasn’t. It’s plain fraud.

If you sell what you don’t have or lend out what you don’t have, this is fraud. There is no two ways about it.