
SLP198 Caitlin Long - What Are Austrian Economists Missing About Money And Banking?
Stephan Livera Podcast
00:00
Are You Operating in a Full Reserve System?
The people who control the majority of floes in the payment world are actually businesses. The reason they understand this is because they've never been protected by deposit insurance. If you asked the average person on the street, do you think your apple shares should be lent by your securities custodian, without your consent and without you earning any come from it? Of course they're going to say, no, a and a. And yet that's what the vast majority of us have agreed to without understanding it,. It's not explained. There was an interesting court case in wyoming, where we were working on the blocksane bills, and the president of the senate, super sophisticated guy, said
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