[quote=jpinpb]Why is not the suggestion followed by Milton Friedman to get rid of the debt and get rid of fractional reserve? One bears interest, one does not. Use U.S. notes.
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I’ve already posted on this before, but what do you think interest rates would be if we eliminated fractional reserve banking? And why? Think about it from the perspective of a bank’s equity holders and the required rate of return on the enterprise.
