Is Sound Money the Answer? with George Gammon (WiM268)
The "What is Money?" Show
00:00
The Fallibility of People
You're basically selling people on the idea of getting some yield, right? Getting something for nothing. And then here, sign the dotted line that's a fractional reserve agreement. Maybe they don't even understand what that means. But there is this temptation into a less beneficial contractual relationship. This seems to be a similar dynamic to people voting for big government,. They're being promised free stuff, right? Vote for me and you get whatever welfare package or whatever it may be.
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