Comment: I don't understand what you are saying

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I don't understand what you are saying

That's what fractional reserve banking is. By definition, you print 10x as much money as you actually have.

I don't really know, I am certainly not an economist, and am more interested in learning than arguing. It seems to me like most of the founders (and Ron Paul for that matter) do think fractional reserve lending is fraud, but now I'm not 100% sure why it is necessarily bad.

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