Comment by neilwilson

13 hours ago

Almost like the concept is complete bunkum.

It’s been zero in the UK for hundreds of years.

that.. doesn't make it better

  • It was replaced by other mechanisms. It’s not literally zero any kind of reserves.

    • I’m not worried about the lack of reserve, i’m worried about the money shell game where private companies can drive inflation or deflation whichever serves their profit margins best.

      The 2008 global financial crisis was a result of this, so not a made up worry.

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