Chicago Plan – why it never went anywhere
Debunking Economics - the podcast
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The Frustration of Reserve Banking
Banks can buy whatever they like, including shares. Rupert Murdoch would not be comfortable with that. So what you therefore get is runs going to occur, but it's now the wealthy doing the runs rather than the poor. And if the bank goes under for any reason, then there's a compensation scheme which I think also came out of that Chicago plan.
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