The structure of the modern banking system is the product of hundreds of years of bad legal and economic theory that is leading us to disaster. In Part 2 of this podcast, I discuss the early history of colonial and European banking practices which helped set us on the path to monetary catastrophe.
*Also, see my prior posts:
The Rational Capitalist: The Federal Reserve: Heart of Tyranny #4. Fractional Reserve Banking, Inflation, and Boom-Bust (theratcap.com)
The Rational Capitalist: Boom-Bust Index (theratcap.com)
The Rational Capitalist: Tales from the History of Money and Banking, Part II (theratcap.com)
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