Rothbard on Fractional Reserve Banking: A Critique
By Michael S. Rozeff
This article appeared in the Spring 2010 issue of The Independent Review


Murray Rothbard, in The Case for a 100 Percent Gold Dollar (1974), maintains that fractional-reserve banking is fraudulent and inherently destabilizing of the economy. However, by considering how a regime of laissez faire in money and banking might operate, we may reach a judgment quite different from Rothbard’s.

Other Independent Review articles by Michael S. Rozeff
    Spring 2008   Anarchy, State, and Public Choice

Subscribe Today

Buy Single Issues

Independent Review Issues

Articles by Subject

Independent Review Articles on Related Subjects