The free market would be preferable to a system of Fractional-reserve banking because people would be able to make their own choice about what risks they are willing to take with their money. With the Fractional-reserve system, all taxpayers suffer for the reckless decisions of bank depositors, who leave their savings with banks that make risky loans. In a free market people would suffer, and be rewarded, for their decisions, personally, not as a consequence of the actions of others.
In the free market we suffer and gain from our own choices, not those of other people.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment