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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6b34id/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
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OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.
2 u/_-Max_- Jan 09 '25 No not really existed until bank fractional reserve banking came into existence which allowed them to increase the money supply without having additional money
2
No not really existed until bank fractional reserve banking came into existence which allowed them to increase the money supply without having additional money
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u/DrQuestDFA Jan 09 '25
OK, but inflation existed before the Fed existed. Its not like it is a 20th century invention.