Money and Banks

From The Review of Austrian Economics 1988.

History of Political Economy, vol. 36, no. 2 (summer) 2004

From the Cato Journal, Vol. 19, No. 2, 1999.

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

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.

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.

Recorded at Mises University 2004.

Recorded at Mises University 2004.

Recorded at Mises University 2004.

Recorded at Mises University 2004.