Posts Tagged ‘ defense of fractional reserve banking ’

Free Markets, Free Men, and Fractional Reserve Banking, Part I

Jul 12th, 2006 | By | Category: Macro Economics
My colleague Chris Mayer recently penned a piece entitled, "The Greatest Con in the History of Money" -- the noteworthy con being fractional reserve banking. This essay is my spirited rebuttal -- or rather, Part I of my rebuttal, as there is so much to say -- in defense of ...read more