Rothbard on Fractional Reserve Banking: A Critique.
The argument from Murray Rothbard in The Case for a 100 Percent Gold Dollar, published in 1974, that fractional reserve banking amounts to fraud rules out fractional reserve free banking even in a free market. This goes against fundamental ideas of liberty and the free market, both of which Rothbar...
| Publicado en: | Independent Review Vol. 14; no. 4; pp. 497 - 513 |
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| Formato: | Artículo |
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Independent Institute
Spring 2010
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | The argument from Murray Rothbard in The Case for a 100 Percent Gold Dollar, published in 1974, that fractional reserve banking amounts to fraud rules out fractional reserve free banking even in a free market. This goes against fundamental ideas of liberty and the free market, both of which Rothbard advocates. In proposing the illegality of fractional reserve banking, he introduces an ethical judgment based on his assessment of the merits of exchange transactions between banker and depositor. The writer provides a critique of the work of Murray Rothbard. |
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