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Rushing for the Financial Exits
Manage episode 426246715 series 3534537
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Mark Thornton looks at the potential for everyone to run for the exits in the financial markets. In the absence of a gold monetary system and full reserve deposit banking, only the Fed can engineer economy-wide liquidity crises or fundamental crises. Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at https://Mises.org/IssuesFree. Follow Minor Issues at https://Mises.org/MinorIssues.
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