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The easy way outThe easy way outPosted Nov 6, 2012 22:31 UTC (Tue) by fsateler (subscriber, #65497)In reply to: The easy way out by man_ls Parent article: Let’s Limit the Effect of Software Patents, Since We Can’t Eliminate Them (Wired)
Well, some people support both, but other people support just the reserve requirements.
Full reserve banking has rarely been implemented, so I doubt it is a return to a golden age where they were common. It also can be argued that the ability to create money induces wealth appropriation by the rich (see the paper I linked). Finally, many Chicago economists (and apparently some economists in the IMF too) believe full reserve banking is a worthwhile idea, so it cannot be that far from the mainstream.
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