Is fractional reserve banking fraudulent? Part 2

posted by
November 21, 2011
Debbie and Carl
by Debbie Harbeson  
Posted in Commentary

"Hoppe says 'two individuals cannot be the exclusive owner of one and the same thing at the same time.' Therefore fractional reserve banking makes claims that contradict reality. A person can certainly make a claim that something exists, such as Santa Claus, but that doesn’t mean it exists. Someone who says this is denying reality. This is why Hoppe says even a voluntary contract for fractional reserve banking is not legitimate." (11/18/11)

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