Money and Banks

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Kurt Schuler

Published in the Cato Journal Vol. 20, No. 3, Winter 2001.

Parth J. Shah

Banks under a free-banking system, like banks with fractional reserves under any other system, are susceptible to runs. Free-banking theorists maintain that the option clause would be one effective means of dealing with runs on banks.

William N. Butos

During the past decade a significant change has occurred in the kinds of questions explored by monetary economists. Heretofore, one of the central issues concerned the “rules versus discretion” debate of a central bank empowered monopolistically to supply base money.

Murray N. Rothbard

From The Review of Austrian Economics Vol. 6, No. 1, 1992.

Richard H. Timberlake A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money Acrobat 3.0 Import Plug-in