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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
How to Create a Capitalist Economy With Small Local Banks
China has almost 5,000 banks almost as many as the US and that created these 40 years of Double-digit economic growth multiplying national income. It is very capitalist to have small local banks that generates a capitalist economy. Why because you see the money supply Creation process actually belongs to all of us. It's our privilege and if a central institution is making these decisions That's never good.
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