Re: AC and fractional reserve banking
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What stops a goldsmith or a banker from the same practices of fractional reserve banking or currency manipulations that put the FED in control of the US economy?
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People have the choice to put their services in such businesses. Those who do it without consent can be sued for fraud.
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Because most people don't understand money as it is, so what makes it likely that they will understand to collectively prevent the banks from this practice in AC land?
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Good thing we have people like iron to save us from our own stupidity.
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