March 20, 2023
The history of bank runs and fractional reserve banking begins with a murderer/economist who lends a little help to the King of France. After the bank runs, John Law ran for the border. Nowadays, the Federal Reserve steps in to save the whole larcenous system . . . over and over and over again. But what does this do to the national character when irresponsible, feckless, unscrupulous, fractional-reserve banks fail, after which they are rescued by the federal government (which is tied up into the same thieving scheme)?
About Your Host, Kevin Swanson
Homeschooled himself in the 1960's and 70's, Kevin Swanson and his wife, Brenda, are now homeschooling their five children. Since graduating from his homeschool and then serving as student body president of a large west coast university, he has gone on to other leadership positions in corporate management, church, and other non-profits.