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Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more.
Download the slides from this lecture at Mises.org/MU23_PPT_08.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Contact Patrick Newman
Patrick is Assistant Professor of Economics at Florida Southern College. He completed his PhD in the Department of Economics at George Mason University. He is a 2018 Mises Institute Research Fellow.