All M2 will eventually be converted to M0, it's an inevitable consequence of fractional reserve banking...
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
– Ludwig von Mises
( -_-)
npub19t…wzc0k
2023-03-16 17:25:53
in reply to nevent1q…vm8g
Author Public Key
npub19tfw9gngrq30usrx73sf2a6rp5gujflkqvzm9r7htt7et0vwhjxqwwzc0kPublished at
2023-03-16 17:25:53Event JSON
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"content": "All M2 will eventually be converted to M0, it's an inevitable consequence of fractional reserve banking...\n\n “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” \n– Ludwig von Mises",
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