http://mises.org/Community/forums/5.aspxenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/Community/forums/thread/228841.aspxFri, 03 Jul 2009 23:48:30 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:228841SilentXtarian0http://mises.org/Community/forums/thread/228841.aspxhttp://mises.org/Community/forums/commentrss.aspx?SectionID=5&PostID=228841<p>I think I&#39;m getting closer and closer to the truth about how screwed up our economic system really is.&nbsp; I think that a lot of the problem with our economic system is not just because we are off the gold standard.&nbsp; I don&#39;t think that&#39;s quite right.</p> <p>&nbsp;</p> <p>I would say that a lot of our problems are because we have fractional reserve banking- we don&#39;t have honest banking.&nbsp; If we had an honest banking system where the banks didn&#39;t just create money out of thin air to put on the market and where the federal reserve didn&#39;t back them up any time they made a loss and stuff... and that banks were just meant for how they were supposed to be how much better would our banking system be?&nbsp; I mean it&#39;s okay for banks to invest in the stock market- they would just have to do that- but not with our own money... I think that our current system is really screwed up.&nbsp; I think our system would be a lot better if we had an honest banking system.&nbsp; Would you agree?&nbsp; </p> <p>&nbsp;</p> <p>I think that if banks did what they were supposed to do- and- the people on wall-street didn&#39;t keep getting bailed out from the fed every single time they made a mistake, or, they didn&#39;t get free money all the time (economic socialism) from the federal reserve, or, if the federal reserve didn&#39;t manipulate the markets as much as they did that we would be a lot better off.&nbsp; I blame fractional reserve banking for the mess we&#39;re in right now.&nbsp; How do you think our economy would be if we had an honest banking system?</p><div style="clear:both;"></div>