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Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance

MishTalk

banks issuing 2-year CDs and lending money for 15-year mortgages), bank''s ability to lend money into existence, and deposit insurance. Deposit insurance is the epitome of moral hazard. Depositors do not care because the deposits are insured. Please consider a snip from the eBook What has Government Done to Our Money?