In Full Reserve Banking versus the Real Bills Doctrine, Philipp Bagus defends Austrian monetary theory and full reserve banking against the real bills doctrine. Responding to economist Juan Ramón Rallo’s critique of Ludwig von Mises’s The Theory of
Philipp Bagus
Philipp Bagus is professor at Universidad Rey Juan Carlos. He is a Fellow of the Mises Institute, an IREF scholar, and the author of numerous books including In Defense of Deflation and The Tragedy of the Euro, and is coauthor of Blind Robbery!, Small States. Big Possibilities.: Small States Are Simply Better!, and Deep Freeze: Iceland’s Economic Collapse. He was awarded the 2011 and 2017 O.P. Alford III Prize in Libertarian Scholarship, the Ron Paul Liberty in Media Award (2003), the Templeton Fellowship Award of the Independent Institute in 2008, and the Ludwig-Erhard-Forderpreis (2016). The Tragedy of the Euro has so far been translated and published in Greek, German, French, Slovak, Polish, Italian, Romanian, Finnish, Spanish, Portuguese, British English, Dutch, Brazilian Portuguese, Bulgarian, and Chinese.
Latest work
My latest contribution to the debate on Milei´si banking reform and the 100% reserve ratio has received a response in form of a video by Juan Ramón Rallo who defends a fractional reserve banking...
Unsurprisingly, Javier Milei´s monetary reform plans are discussed intensively in libertarian circles. For the first time, a real libertarian reform of the monetary and financial system is in sight...
