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[–] virge [S] 0 points 2 points (+2|-0) ago 

Look, my entire argument is that in a fractional reserve system like the US has today, it doesn't work that way, or just isn't that simple.

You are arguing basic economics, like a system with $1,000 where I take a $100 loan from you @ 10% interest and pay you back $110.

My entire argument is that in a fractional reserve system, it's more that there is a system with $1,000, and I take a $100 loan from you at $10 interest, and the system's currency base increases to $1,010 to accommodate the interest, which immediately makes my $100 worth less, and thus your $110 also worth less. This is predatory on everyone.

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[–] ihaphleas ago 

We weren't talking about fractional reserve banking, which is basically just fraud.

We were talking about interest on loans and whether it is moral/reasonable/rational/natural/etc.

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[–] virge [S] 0 points 1 point (+1|-0) ago 

Lincoln's Greenback. I begin and end my argument there.

He was killed because of it. It was anathema to Jewish banking usury.