tag:blogger.com,1999:blog-2182962435875556601.post5402840069924488230..comments2023-09-24T08:04:06.909-04:00Comments on FSK's Guide to Reality: Free Market Banking ObservationsFSKhttp://www.blogger.com/profile/11903396202330950362noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2182962435875556601.post-54062451639015478332009-12-19T14:38:20.440-05:002009-12-19T14:38:20.440-05:00About the public audits - who would administer the...About the public audits - who would administer them and what stops bank from paying auditors off? More generally, what stops the forming of monopolies and cartels anyway (free market or no free market)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-17852669976212965592009-12-15T21:51:57.623-05:002009-12-15T21:51:57.623-05:00I agree with what you just said that they(the bank...I agree with what you just said that they(the banks) would have to be honest in the free market.But what I ask about is how banks will do if at all without government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-79303334502597767212009-12-15T15:10:01.067-05:002009-12-15T15:10:01.067-05:00Banks in a free market would have to be honest to ...Banks in a free market would have to be honest to survive. They would not be able to rely on government help to protect their oligopoly. Like any other business they would have to rely on providing an affordable and honest service to survive.<br />The free market would punish any dis-honest banks.theftthroughinflationhttps://www.blogger.com/profile/04033030175673408941noreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-16459768868707171342009-12-14T14:25:02.344-05:002009-12-14T14:25:02.344-05:00So do you think that when agorism gets to really g...So do you think that when agorism gets to really going that there will be honest banks?(I'm not trying to troll,I ask in good faith)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-38895017986368505672009-12-14T14:09:13.965-05:002009-12-14T14:09:13.965-05:00Fsk you are right. Banking is not evil. Under the ...Fsk you are right. Banking is not evil. Under the present state-market economy its importance and power are heavily skewed. In a free market banks would be servants and facilitators for the economy. Production would be the main basis of the economy. <br />At present printing money is easier than real work so the banks have an unnatural size in the economy.theftthroughinflationhttps://www.blogger.com/profile/04033030175673408941noreply@blogger.com