Over at Cafe Hayek, some comments made concerning my last Free Banking post suggest that Murray Rothbard, though opposed in principle to fractional-reserve banking, did not wish to see it prohibited. That's not really correct. As I pointed out there: "Actually in arguing that FR banking was…
Now that the blog is well launched and other contributors are writing posts, I generally will not directly reply to comments. I may reply indirectly in later posts, but I have enough else to do in my life that responding to blog comments is not my top…
Free bankers have been fighting a war on two fronts. On one they face champions of central banking and managed money. On the other they struggle against advocates of 100-percent reserve banking. Although the second front is a lot smaller than the first, it’s far from being…
A recent article in Econ Journal Watch surveying the favorite dead and living economists of 299 respondents caught my eye. It is also tangentially relevant to Brad’s question about the free banking classics. As you would have expected, Adam Smith was the respondents’ favorite economist before the…
My Free Banking posts will not be focused on the monetary policy aspects of ‘free banking,’ but rather on the other aspects of what I would call a ‘free-er banking’ environment going forward. I plan to focus not only on these non-monetary policy activities of central banks, but also…