>>513492991
Good book, but fractional reserve theory has been debunked. Unfortunately, credit creation theory is worse.

You know the Japanese economic miracle after WW2 (1950-1985)? There is nothing magical about Japan or Japanese people (although they are quite intelligent) that allowed for this boom, just clever credit creation and allocation.

This boom-creating strategy was then successfully copied by China, Korea, Singapore and Taiwan without fail. It worked consistently (Nazi Germany also utilized it for its economic miracle).

And it'd work when applied by any modern nation today. You're living in comparative austerity because the rulers refuse to use it because it requires decentralizing credit creation from a few big banks to many small banks.

>>512754759
>Don't listen to broke academics about money
Werner is a self made millionaire who sold one of the all time best selling books Princes of the Yen, picrelated.

Are you Jewish by chance?

>>105838590
If you’re genuinely interested, there is this book