The Corruption of Money (Part 2): Fractional Reserve, Central Banking And Bitcoin

In the second program I disentangle fractional reserve banking, central banking, fiat currencies and Bitcoin. I also point out the pitfalls of fully nationalized banking.

Sources:
The Problem is Central Banking not Fractional Reserve Banking
http://www.freebanking.org/2011/06/27/the-problem-is-central-banking-not-fractional-reserve-banking/

Inherent Instability In Banking: The Free Banking Experience
http://www.minneapolisfed.org/research/wp/wp275.pdf

Fiat Money, Investopedia
http://www.investopedia.com/terms/f/fiatmoney.asp

Free Banking
http://mises.org/books/freebanking.pdf

The Nationalization of Credit?
http://mises.org/daily/3156

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