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100-Percent Reserves banking in Argentina and the Real Bills Doctrine
“There is no doubt that when a fractional reserve bank discounts commercial paper (real bills) it creates money (perfect monetary substitutes).”
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“There is no doubt that when a fractional reserve bank discounts commercial paper (real bills) it creates money (perfect monetary substitutes).”
The total number of employed persons has fallen by 66,000 since August of 2023. Moreover, the
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Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope