Fractional Reserve Banking Is Legalized Counterfeiting
submitted 1 year ago by Questionable from (youtube.com)
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[–]send_nasty_stuff 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago (2 children)
I like this framing. We should use this language more often when talking about the topic to normals. Everyone can understand counterfeiting.
[–]EddieC 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 1 year ago* (1 child)
Suppose: You have found out that the cruise ship that you & your fellow passengers are on, is sinking. There are many reasons why it is sinking, including counterfeit parts, seaworthiness certified by corrupt officials,... but most importantly the ship owners want to sink the ship (edit: for the insurance money? possibly, but nothing is certain) - they don't care for survivors (they probably don't want any survivors) Meanwhile, the ship IS sinking What information do you think would help passengers of the ship deal with their situation?
[–]IMissPorn 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 1 year ago (0 children)
Obviously 4 is the only information of significant value in that situation. The reason for that has more to do with time span than anything else however. Ships sink rather quickly. Countries sink much slower, so I'm not sure how insightful your analogy is.
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[–]send_nasty_stuff 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (2 children)
[–]EddieC 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (1 child)
[–]IMissPorn 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (0 children)