Comment: No, I don't know better.

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No, I don't know better.

My point is that the argument was made by Silk Shirt that 9 houses were build now because of fractional reserve banking, but he ignored the fact that the cost of accelerating the building of these houses now on credit was that the credit must be repaid and that drains future purchasing power from the spending stream meaning that these 9 houses can't be built later. If you are going to recognize the benefit, you also must recognize the cost else you make a one sided argument.

And as I do believe in liberty, I believe innocent bystanders should not be deprived of their wealth by a system that essentially tricks them out of their wealth. Builders are tricked into believing there is more demand for houses than there really is so they get punished by the boom bust cycle created by credit expansion and then the necessary contraction that comes from repayment of the credit. Plus the public is punished from inflation of credit as it affects prices that they pay, even if they do not participate in the banking system.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.