2min chapter

The "What is Money?" Show cover image

Is Sound Money the Answer? with George Gammon (WiM268)

The "What is Money?" Show

CHAPTER

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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