Tuesday, February 22, 2011

Lawrence H. White refutes Huerta de Soto on Fractional Reserve Banking

Continuing on the theme of fractional reserve banking, I post below links that are responses by Lawrence H. White to Jesús Huerta de Soto’s Money, Bank Credit and Economic Cycles (Ludwig von Mises Institute, 2006):
Prof. Lawrence H. White responds to Jesus Huerta de Soto on Banking (part 1), 30 December 2009

Prof. Lawrence H. White responds to Jesus Huerta de Soto on Banking (part 2), 8 January 2010

Prof. Lawrence H. White responds to Jesus Huerta de Soto on Banking (part 3), 29 January 2010
While I do not agree with the free banking school, they at least present a consistent argument for laissez faire, as opposed to the logically inconsistent position of the anti-FRB Austrians like Murray Rothbard.

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