(Originally appeared on June 11, 2011.) I promise to make this my last post for a while concerning the matter of 100-percent versus fractional-reserve banking. However, in addressing some comments on my recent posts it occurred to me that some very serious misunderstanding is at play concerning…
Everyone fantasizes about something now and then. But even I was surprised (and not at all displeased) to discover that at least one person besides me–Warren Gibson–fantasizes about…free banking! Better yet, he's invited anyone who wishes to stroll down fantasy lane with him to witness his vision…
As part of my relentless (some will say obsessive) quest to stamp-out fallacies perpetrated by the 100-percent reserve bunch, I found myself engaged in a discussion with some of them in the comments section of my last post. As the discussion took place some days after that…
Instances of self-styled Austrian economists bungling their banking theory seem almost as common these days as instances of theologians bungling their cosmology were six centuries ago. One such instance, by the Cobden Centre's Sean Corrigan, occurs in the course of a long and meandering series of posts…