SLP395 John Tamny - Inflation & Optimism
Stephan Livera Podcast
00:00
Why Are Banks Going Out of Business?
According to austrian theory, a hundred dollars very quickly becomes thousands and thousands of dollars. If banks could, then imagine the money multiplier then, if it were real. But they can't just do it for ever, that there's capital limits. There's no credit worthiness aspects. And i think whatin they have no capital limits, take capital limits out of it, so that there's no reserve aiment limitat reserve requirements,. What difference would it make? They'e right?
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