Fractional Reserve Banking: Some Quibbles
We explore several unaddressed issues in George Selgin’s (1988) claim that the best monetary system to maintain monetary equilibrium is a fractional reserve free banking one.
Money and Banking
Displaying 1111 - 1120 of 2013
Review of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, by Barry Eichengreen
Recent events in the US — high unemployment, record federal deficits, and unprecedented financial distress — have raised serious doubts about the future of the dollar.
Separation of Commercial and Investment Banking: The Morgans vs. The Rockefellers
The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance,
Are MMMFs Money?
In the last twenty years, continual financial innovation has led to the increased use of MMMFs as a substitute for checkable deposits. While many technical considerations suggest that it
After the Age of Inflation: Austrian Proposals for Monetary Reform
No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system.
Hayek’s Theory of Money and Cycles: Retrospective and Reappraisal
That Hayek’s work on money, investment, and business cycle theory should be misunderstood and misrepresented poses nothing new.
Review of The Dinosaur Among Us: The World Bank and Its Path to Extinction by Jeffrey C. Hooke
Dinosaur reveals many relevant truths that do not appear in World Bank financial statements and press release while reviewing much of the relevant literature.
Fiat Money and Collective Corruption
In this article it will be argued that collective corruption - which is the logical result of government interventionism in the field of money production
Free Banking and Fractional Reserves: A Comment
The article by Jörg Guido Hülsmann, “Free Banking and the Free Bankers,” is an important contribution to a proper understanding of free-banking systems. He is perfectly correct in blaming some advocates of free banking who support arguments which are irrelevant or wrong,
Rothbard on Money: A Critical Textual Exegesis
In 1998 I presented a paper which argued that no theory of money was possible—in the sense of there being a stable relationship between a few explanatory variables.
