Coffee with Joe 8-17-10; PMR 100% Reserves and the Consumer

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by Peter on August 29th, 2010

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Further detail about the document from 1939, “A Program for Monetary Reform” (aka PMR). In this installment, Pete and Joe discuss how Full-Resertve banking (100% reserves) would effect the consumer. (Hint: you couldn’t withdraw cash from a savings account at the ATM).

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