What Was Mises's Position on Fractional Reserve Banking?
About this episode
Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios.
- Bob's Article in the QJAE on Fractional Reserve Banking: Mises.org/HAP470a
- Joe Salerno, "Ludwig von Mises as Currency School Free Banker": Mises.org/HAP470b
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