Hey Pol, would banks exist in a true free market? Why or why not?

In a true free market the USA would already have purchased Canada.

>>137030403
Yes. They just wouldn't be centralized because fuck (((them))).

>>137030403
Yes, the banks increase the money supply and provide the services of deposits and loans.

Don't banks by their very nature threaten the ability of a free market to remain free?

>>137030403
Only ones that match duration and no fractional lending. Essentially LendingClub.

No f*cking 30 year mortgages unless the bank also offers a 30 year CD (it won't).

>>137030722
Nice 'service' - increasing the money supply. Thanks Shlomo.

>>137030992
No, they facilitate wealth creation by managing debt. Debt is useful, but excessive debt must also be punished in a free market to weed out those with too much risk (no "too big to fail")

File: fractional-reserve.jpg (65KB, 560x422px) Image search: [Google]

65KB, 560x422px

Yes: full-reserve gold currency banks. No CENTRAL banking ever.

>>137030403
In a free market I can hold your silver and give you a slip for it, why not.

I could also build a granary, hold your wheat and give you a slip for it.

No fractional reserve would be my model, would just charge the depositor a storage fee.