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The Real Culprit Behind the Banking Crisis

Stansberry Investor Hour

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Is There a Lender of Last Resort?

If we had really a free market system in money and banking, that you would have a much better allocation of resources. I think it would solve, of course, with such a system, you wouldn't need a central bank. People would understand that your money is at risk. You're going to be compensated for that. And behavior would change on both sides. It would raise a higher bar on investments. Here would be a real cost of capital.

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