rukawa Posted March 19, 2017 Share Posted March 19, 2017 I had a debate with a friend yesterday about the monetary system. He believes in Austrian business cycle theory. I believe in the debt deflation theory of Irving Fisher. One thing though we both agreed on was that fractional reserve banking should be ended. In my view it is the primary cause of business cycles. I was surprised to find out that I wasn't the only one with this idea: https://blogs.cfainstitute.org/investor/2016/01/27/is-this-the-end-of-fractional-reserve-banking/ Link to comment Share on other sites More sharing options...
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