The recent economic upheavals have led to the implosion of several European countries economies, the (continuing?) recession in the US, and a massive, worldwide, anti-banking sentiment. The solution for both Europe and the US has been to dramatically expand the money supply. The anti-banking protesters are complaining that this policy commits fraud on the people and is simply a gift to the banks.
Please explain in a two-page paper how the banking system will create this additional money. Do you think that this policy of adding to the money supply will fix our economic ills?
Are the protesters right? Is there another solution? Please explain your position.
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