fractional reserve banking. It is mandated by the State, we are not allowed to avoid the entire system, it permeates the monetary edifice beginning with the Fed that disperses trillions to the banks at taxpayer expense.
Unless I am mistaken, investing in market funds, though often allied with the banks, is a voluntary activity.
If I'm correct, it would starkly show that Krugman cannot conceive of Liberty or non-coercion or the NAP (of course he can't.)
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