tag:blogger.com,1999:blog-6557458849091969678.post6194932473084537685..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: A vital distinction.Francis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6557458849091969678.post-14315588796509290782017-09-19T18:40:21.860-04:002017-09-19T18:40:21.860-04:00Spent a couple of hours reading the Werner article...Spent a couple of hours reading the Werner article. Good and important stuff.<br /><br />Unfortunately, looking at Werner's Youtube videos, I've yet to find one that clearly and concisely discusses his central thesis (that the "credit creation theory" of banking is, in fact, demonstrably correct.)<br /><br />The implication for the importance of bank regulations concerning the type of loans banks make - even more than restrictions on capital to asset ratios or reserve minimums - is huge.<br /><br />Tim Turnerfurballhttps://www.blogger.com/profile/15779319678886254479noreply@blogger.com