The Cause of a Credit Crisis

GoldNRollGoldNRoll Posts: 211 Bronze ✭✭✭
"To get rid of the credit crises for good, the root cause of the crisis must be addressed. Namely, people should search for alternatives from man-made money and decrease the likelihood of extreme fractional reserve banking occurring. One strong alternative for this is a one hundred percent gold-based monetary system, and interest rates fluctuating freely on the market. Of course, governments would to a certain extent be deprived of the possibility to spend above what they collect from taxes. Instead, they would eventually have to live within their means – what a tragedy."
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