Showing posts with label Lawrence H. White. Show all posts
Showing posts with label Lawrence H. White. Show all posts

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.