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"content": "<p><a href=\"https://tastingtraffic.net/tags/International_Tech_News\" class=\"mention hashtag\" rel=\"tag\">#<span>International_Tech_News</span></a> | Does <a href=\"https://tastingtraffic.net/tags/Fractional_Reserve\" class=\"mention hashtag\" rel=\"tag\">#<span>Fractional_Reserve</span></a> Banking <a href=\"https://tastingtraffic.net/tags/Endanger\" class=\"mention hashtag\" rel=\"tag\">#<span>Endanger</span></a> the <a href=\"https://tastingtraffic.net/tags/Economy\" class=\"mention hashtag\" rel=\"tag\">#<span>Economy</span></a>? A <a href=\"https://tastingtraffic.net/tags/Debate\" class=\"mention hashtag\" rel=\"tag\">#<span>Debate</span></a> | On April 16, 2018, two free <a href=\"https://tastingtraffic.net/tags/market_economists\" class=\"mention hashtag\" rel=\"tag\">#<span>market_economists</span></a> debated a topic that has long <a href=\"https://tastingtraffic.net/tags/divided_libertarians\" class=\"mention hashtag\" rel=\"tag\">#<span>divided_libertarians</span></a>. Fractional reserve banking refers to banks' <a href=\"https://tastingtraffic.net/tags/standard_practice\" class=\"mention hashtag\" rel=\"tag\">#<span>standard_practice</span></a> of keeping only a <a href=\"https://tastingtraffic.net/tags/portion\" class=\"mention hashtag\" rel=\"tag\">#<span>portion</span></a> of their <a href=\"https://tastingtraffic.net/tags/depositors\" class=\"mention hashtag\" rel=\"tag\">#<span>depositors</span></a>' money on hand and <a href=\"https://tastingtraffic.net/tags/loaning\" class=\"mention hashtag\" rel=\"tag\">#<span>loaning</span></a> out the rest.</p><p>In The <a href=\"https://tastingtraffic.net/tags/Mystery\" class=\"mention hashtag\" rel=\"tag\">#<span>Mystery</span></a> of <a href=\"https://tastingtraffic.net/tags/Banking\" class=\"mention hashtag\" rel=\"tag\">#<span>Banking</span></a> (1983), the anarcho-capitalist economist Murray Rothbard called fractional reserve banking "<a href=\"https://tastingtraffic.net/tags/a_shell_game\" class=\"mention hashtag\" rel=\"tag\">#<span>a_shell_game</span></a>, a <a href=\"https://tastingtraffic.net/tags/Ponzi_scheme\" class=\"mention hashtag\" rel=\"tag\">#<span>Ponzi_scheme</span></a>, a <a href=\"https://tastingtraffic.net/tags/fraud\" class=\"mention hashtag\" rel=\"tag\">#<span>fraud</span></a> in which <a href=\"https://tastingtraffic.net/tags/fake_warehouse\" class=\"mention hashtag\" rel=\"tag\">#<span>fake_warehouse</span></a> <a href=\"https://tastingtraffic.net/tags/receipts\" class=\"mention hashtag\" rel=\"tag\">#<span>receipts</span></a> are issued and circulate as <a href=\"https://tastingtraffic.net/tags/equivalent\" class=\"mention hashtag\" rel=\"tag\">#<span>equivalent</span></a> to the <a href=\"https://tastingtraffic.net/tags/cash\" class=\"mention hashtag\" rel=\"tag\">#<span>cash</span></a> supposedly represented by the receipts." Other libertarian economists, such as <a href=\"https://tastingtraffic.net/tags/Larry_White\" class=\"mention hashtag\" rel=\"tag\">#<span>Larry_White</span></a> and <a href=\"https://tastingtraffic.net/tags/Steve_Horwitz\" class=\"mention hashtag\" rel=\"tag\">#<span>Steve_Horwitz</span></a>, have argued that the practice is perfectly defensible.</p><p>At The Soho Forum, a debate series in New York City that is sponsored by the Reason Foundation, Robert Murphy debated George Selgin over the following resolution: "Fractional Reserve banking poses a threat to the stability of market economies."</p><p>Murphy, a research assistant professor with the Free Market Institute at Texas Tech University, argued for the affirmative. He has a Ph.D. in economics from NYU has addiliations with the Institute for Energy Research, the Mises Institute, the Fraser Institute, and the Independent Institute. He has authored hundreds of articles and several books explaining economics to the layperson, including Choice: Cooperation, Enterprise, and Human Action.</p><p>Selgin, who opposed the resolution, is a senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. His research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is the author of The Theory of Free Banking, Bank Deregulation and Monetary Order, Less Than Zero: The Case for a Falling Price Level in a Growing Economy, and most recently Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage.</p><p>Produced by Todd Krainin.</p><p><a href=\"https://lnkd.in/diVK56nC\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"\">lnkd.in/diVK56nC</span><span class=\"invisible\"></span></a></p><p><a href=\"https://tastingtraffic.net/tags/CONNECT\" class=\"mention hashtag\" rel=\"tag\">#<span>CONNECT</span></a> Today for EARLY <a href=\"https://tastingtraffic.net/tags/INVITE\" class=\"mention hashtag\" rel=\"tag\">#<span>INVITE</span></a>. TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.</p><p>Founder of <a href=\"https://tastingtraffic.net/tags/SEO\" class=\"mention hashtag\" rel=\"tag\">#<span>SEO</span></a> (Search Engine Optimization)<br />Founder of <a href=\"https://tastingtraffic.net/tags/RTB\" class=\"mention hashtag\" rel=\"tag\">#<span>RTB</span></a> (Real Time Bidding)<br />Founder of <a href=\"https://tastingtraffic.net/tags/HFT\" class=\"mention hashtag\" rel=\"tag\">#<span>HFT</span></a> (High Frequency Trading)</p><p><a href=\"http://Withbrains.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">Withbrains.com</span><span class=\"invisible\"></span></a> ® (Decentralized SOCIAL Network)<br /><a href=\"https://TastingTraffic.net\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"\">TastingTraffic.net</span><span class=\"invisible\"></span></a> ® (<a href=\"https://tastingtraffic.net/tags/International_Tech_News\" class=\"mention hashtag\" rel=\"tag\">#<span>International_Tech_News</span></a>)<br /><a href=\"http://JustBlameWayne.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">JustBlameWayne.com</span><span class=\"invisible\"></span></a> ® (Got Complaints Post it;)?)<br /><a href=\"http://Davidv.TV\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">Davidv.TV</span><span class=\"invisible\"></span></a> ® (<a href=\"https://tastingtraffic.net/tags/BIG_FAITH\" class=\"mention hashtag\" rel=\"tag\">#<span>BIG_FAITH</span></a>) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.</p>",
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"en": "<p><a href=\"https://tastingtraffic.net/tags/International_Tech_News\" class=\"mention hashtag\" rel=\"tag\">#<span>International_Tech_News</span></a> | Does <a href=\"https://tastingtraffic.net/tags/Fractional_Reserve\" class=\"mention hashtag\" rel=\"tag\">#<span>Fractional_Reserve</span></a> Banking <a href=\"https://tastingtraffic.net/tags/Endanger\" class=\"mention hashtag\" rel=\"tag\">#<span>Endanger</span></a> the <a href=\"https://tastingtraffic.net/tags/Economy\" class=\"mention hashtag\" rel=\"tag\">#<span>Economy</span></a>? A <a href=\"https://tastingtraffic.net/tags/Debate\" class=\"mention hashtag\" rel=\"tag\">#<span>Debate</span></a> | On April 16, 2018, two free <a href=\"https://tastingtraffic.net/tags/market_economists\" class=\"mention hashtag\" rel=\"tag\">#<span>market_economists</span></a> debated a topic that has long <a href=\"https://tastingtraffic.net/tags/divided_libertarians\" class=\"mention hashtag\" rel=\"tag\">#<span>divided_libertarians</span></a>. Fractional reserve banking refers to banks' <a href=\"https://tastingtraffic.net/tags/standard_practice\" class=\"mention hashtag\" rel=\"tag\">#<span>standard_practice</span></a> of keeping only a <a href=\"https://tastingtraffic.net/tags/portion\" class=\"mention hashtag\" rel=\"tag\">#<span>portion</span></a> of their <a href=\"https://tastingtraffic.net/tags/depositors\" class=\"mention hashtag\" rel=\"tag\">#<span>depositors</span></a>' money on hand and <a href=\"https://tastingtraffic.net/tags/loaning\" class=\"mention hashtag\" rel=\"tag\">#<span>loaning</span></a> out the rest.</p><p>In The <a href=\"https://tastingtraffic.net/tags/Mystery\" class=\"mention hashtag\" rel=\"tag\">#<span>Mystery</span></a> of <a href=\"https://tastingtraffic.net/tags/Banking\" class=\"mention hashtag\" rel=\"tag\">#<span>Banking</span></a> (1983), the anarcho-capitalist economist Murray Rothbard called fractional reserve banking "<a href=\"https://tastingtraffic.net/tags/a_shell_game\" class=\"mention hashtag\" rel=\"tag\">#<span>a_shell_game</span></a>, a <a href=\"https://tastingtraffic.net/tags/Ponzi_scheme\" class=\"mention hashtag\" rel=\"tag\">#<span>Ponzi_scheme</span></a>, a <a href=\"https://tastingtraffic.net/tags/fraud\" class=\"mention hashtag\" rel=\"tag\">#<span>fraud</span></a> in which <a href=\"https://tastingtraffic.net/tags/fake_warehouse\" class=\"mention hashtag\" rel=\"tag\">#<span>fake_warehouse</span></a> <a href=\"https://tastingtraffic.net/tags/receipts\" class=\"mention hashtag\" rel=\"tag\">#<span>receipts</span></a> are issued and circulate as <a href=\"https://tastingtraffic.net/tags/equivalent\" class=\"mention hashtag\" rel=\"tag\">#<span>equivalent</span></a> to the <a href=\"https://tastingtraffic.net/tags/cash\" class=\"mention hashtag\" rel=\"tag\">#<span>cash</span></a> supposedly represented by the receipts." Other libertarian economists, such as <a href=\"https://tastingtraffic.net/tags/Larry_White\" class=\"mention hashtag\" rel=\"tag\">#<span>Larry_White</span></a> and <a href=\"https://tastingtraffic.net/tags/Steve_Horwitz\" class=\"mention hashtag\" rel=\"tag\">#<span>Steve_Horwitz</span></a>, have argued that the practice is perfectly defensible.</p><p>At The Soho Forum, a debate series in New York City that is sponsored by the Reason Foundation, Robert Murphy debated George Selgin over the following resolution: "Fractional Reserve banking poses a threat to the stability of market economies."</p><p>Murphy, a research assistant professor with the Free Market Institute at Texas Tech University, argued for the affirmative. He has a Ph.D. in economics from NYU has addiliations with the Institute for Energy Research, the Mises Institute, the Fraser Institute, and the Independent Institute. He has authored hundreds of articles and several books explaining economics to the layperson, including Choice: Cooperation, Enterprise, and Human Action.</p><p>Selgin, who opposed the resolution, is a senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. His research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is the author of The Theory of Free Banking, Bank Deregulation and Monetary Order, Less Than Zero: The Case for a Falling Price Level in a Growing Economy, and most recently Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage.</p><p>Produced by Todd Krainin.</p><p><a href=\"https://lnkd.in/diVK56nC\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"\">lnkd.in/diVK56nC</span><span class=\"invisible\"></span></a></p><p><a href=\"https://tastingtraffic.net/tags/CONNECT\" class=\"mention hashtag\" rel=\"tag\">#<span>CONNECT</span></a> Today for EARLY <a href=\"https://tastingtraffic.net/tags/INVITE\" class=\"mention hashtag\" rel=\"tag\">#<span>INVITE</span></a>. TastingTraffic LAUNCHING SOON! JOBS FOR ALL WORLDWIDE! WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending). Upon launch all will be notified.</p><p>Founder of <a href=\"https://tastingtraffic.net/tags/SEO\" class=\"mention hashtag\" rel=\"tag\">#<span>SEO</span></a> (Search Engine Optimization)<br />Founder of <a href=\"https://tastingtraffic.net/tags/RTB\" class=\"mention hashtag\" rel=\"tag\">#<span>RTB</span></a> (Real Time Bidding)<br />Founder of <a href=\"https://tastingtraffic.net/tags/HFT\" class=\"mention hashtag\" rel=\"tag\">#<span>HFT</span></a> (High Frequency Trading)</p><p><a href=\"http://Withbrains.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">Withbrains.com</span><span class=\"invisible\"></span></a> ® (Decentralized SOCIAL Network)<br /><a href=\"https://TastingTraffic.net\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">https://</span><span class=\"\">TastingTraffic.net</span><span class=\"invisible\"></span></a> ® (<a href=\"https://tastingtraffic.net/tags/International_Tech_News\" class=\"mention hashtag\" rel=\"tag\">#<span>International_Tech_News</span></a>)<br /><a href=\"http://JustBlameWayne.com\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">JustBlameWayne.com</span><span class=\"invisible\"></span></a> ® (Got Complaints Post it;)?)<br /><a href=\"http://Davidv.TV\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><span class=\"invisible\">http://</span><span class=\"\">Davidv.TV</span><span class=\"invisible\"></span></a> ® (<a href=\"https://tastingtraffic.net/tags/BIG_FAITH\" class=\"mention hashtag\" rel=\"tag\">#<span>BIG_FAITH</span></a>) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.</p>"
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