Fractional Reserve Banking Is Legalized Counterfeit

By The Ron Paul Liberty Report

With bank failures occurring once again, the topic of “fractional reserve banking” is getting some much needed attention. How do banks work in the current “system”? Is it how banks should work?

Banking is a legitimate and valuable service. However, when banks work in collusion with government, it produces nothing but trouble. Business and government must be kept separate. Banking is certainly not an exception.

Hat tip: LewRockwell.com

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Originally Posted at www.activistpost.com