The Power of Independent Thinking

←  PUBLICATIONS



Stay Connected
Get the latest updates straight to your inbox.









Volume 5  Number 1  •  Summer 2000
Other Issues:  

Should We Let Banks Create Money?
By George A. Selgin
This article appeared in the Summer 2000 issue of The Independent Review

Some economists of the Austrian school oppose fractional-reserve banking on the grounds that it is inherently fraudulent, pro-cyclical and unstable. These critics should focus their wrath on repressive financial legislation and central-bank mischief, not on a legitimate practice that encourages savings and investment.









  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org