Comment: You

In post: My conversation with a bank teller

In reply to comment: Important concept (see in situ)

You

Submitted by Liberty_First on Mon, 01/21/2013 - 18:40. Permalink

confuse this with Rothbardian argument about economic boom & bust via loan/lending. If the Fed is printing money and giving it to banks as the reserve money, then banks, in turn, can generate more loans, thus more inflation... So it is a combo: The Fed is initiator, branch banks are multipliers.

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