
SLP198 Caitlin Long - What Are Austrian Economists Missing About Money And Banking?
Stephan Livera Podcast
00:00
The Rise of a Passive Investment
Market makers are allowed to create more e t f units than they have collateral. This is another version of fractional reserve banking, where you don't have a hundred cents of collateral backing your obligations. I think we've seen it in a couple of times with the c d os of two thousand eight. And guess what? They're back.
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