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Tuesday, May 17, 2011

Fractional Reserve Banking

Uploaded by on May 4, 2011 Simon Dixon walks you through the process of fractional reserve banking, commonly known in economics as the multiplier effect with a brief history of economic thought from John Maynard Keynes to Milton Friedman.Finally Simon Dixon goes through the action taken in the latest financial crisis and how it will lead to the great depression of the 2020's if we do not undertake banking reform and monetary reform.


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