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Drisku11 t1_it9yz2j wrote

Reply to comment by Bob_A_Ganoosh in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

> fractional reserve banking system.

We haven't had a fractional reserve system for almost 3 years now. The reserve requirement is now zero.

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