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The Unthinkable Becomes Sayable

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The governor of the Bank of England actually mentioned the possibility of a Misesian-style reform toward 100% reserve banking, according to the Financial Times. “Or, in an idea that would mean the radical reshaping of the banking system, banks could be forced to match each investment made with funding over an equivalent time period, Mr King said.” Credit to the Cobden Centre for changing the terms of debate here.

Jeffrey Tucker is Editorial Director of the American Institute for Economic Research. He is author of It's a Jetsons World: Private Miracles and Public Crimes and Bourbon for Breakfast: Living Outside the Statist Quo. Send him mail.

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