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[quote user="DSnead"]A contract presupposes property rights. Fractional reserve banking violates private property rights because two or more people claim ownership of the exact same thing...[/quote] DSnead , I would think that it would be a conditional transfer of property from the owner to...
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Just tonight, I was talking to someone about how the market entails natural regulations, regulations which the government perverts and negates through its own coercive regulations. I gave the example of our banking industry which, thanks to Big Government, is essentially completely unregulated. Banks...