Responding to Richard Werner on Banking

Bob and Jonathan Newman respond in detail to Richard Werner’s highly discussed interview with Tucker Carlson. They examine Werner’s claims about credit creation theory, fractional reserve banking, and money mechanics. Murphy and Newman also discuss Werner’s recommendations for banking reform, highlighting differences with Mises’s monetary insights and Austrian business cycle theory.

• The Tucker Carlson Show Episode with Richard Werner: Mises.org/HAP511a
• Playing with Fire: Money, Banking, and the Federal Reserve: Mises.org/HAP511b
• Bob’s “Anatomy of the Fed” Mises Academy Course: Mises.org/HAP511c
• The Federal Reserve Bank of Chicago “Modern Money Mechanics” Workbook: Mises.org/HAP511d
• Bob’s Book, Understanding Money Mechanics: Mises.org/HAP511e

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree