The morality of fractional reserve banking

posted by
May 12, 2011
EconLog
by Bryan Caplan  
Posted in Commentary

"One of Murray Rothbard's strangest doctrines is that fractional reserve banking (i.e. virtually all banking with which First World consumers have any direct experience) is inherently fraudulent and should therefore be illegal." (05/12/11)

http://econlog.econlib.org/archives/2011/05/the_morality_of_1.html  

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