Re:Switzerland to vote on banning banks from creating money
by amalag on Tuesday December 29, 2015 @10:30AM
(#10807078)
>total impact on human welfare from fractional reserves has been overwhelmingly positive.
Measured in what, GDP? A relentless race to extract more and more resources from the earth and lay waste to countries in the process? Easy money only emboldens a race to the bottom for extraction of resources, not a holistic life for the world's population. Such banking only empowers a few.
Measured in what, GDP? A relentless race to extract more and more resources from the earth and lay waste to countries in the process? Easy money only emboldens a race to the bottom for extraction of resources, not a holistic life for the world's population. Such banking only empowers a few.