What Was Mises's Position on Fractional Reserve Banking?
Murphy lays out the various camps in the debate over FRB. He endorses the view of Joe Salerno, namely that Mises favored "free banking" as the best means for limiting credit expansion and ensuring banks carry high reserve ratios.
Bob's Article in the QJAE on Fractional Reserve Banking: Mises.org/HAP470a
Joe Salerno, "Ludwig von Mises as Currency School Free Banker": Mises.org/HAP470b
The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
The skinny
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