Texas Straight Talk: Fractional Reserve Banking, Government, and Moral Hazard (7/9/2012)
In this week's Texas Straight Talk weekly telephone update, Rep. Ron Paul talks about his subcommittee hearing from last week, where panelists discussed the topic of fractional reserve banking. Why should bankers have the privilege of lending (and charging interest for) money they never actually possessed? This injustice is only exacerbated by federally guaranteed deposit insurance, which protects the banksters from the natural, free market regulatory structure! Video compliments of YouTube User: RonPaul2008dotcom.
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