ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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I wonder if there is a slow version.
I agree with Brian.
Are most central banks state-owned? As far as I was aware, at least the US's Fed is NOT state-owned.
Are Central Banks the Most Efficient State Enterprise?
Is it more efficient to poison someone with
arsenic or strychnine?
I haven't been able to fully listen to the podcast, but I think that it's somewhat disingenuous to say that fractional reserve banking is not, at least, in some sense exploitative - or if you'd like to use a less biting word, deceptive.
I have listened to him pose the question about whether the people at the FEE conference believed the banks held all of their money, but give me a break. Talk about the wrong crowd to ask that question to - at least for truth sake. Ask the average person whether they believe their bank is there to hold their money, and they'll scratch their heads and say, well... yeah.
I do not at all believe that Rothbard was this golden-god of economics like the Mises Institute, but I can't help but get the feeling that Prof. Caplan has a tendency of cutting Rothbard off at the knees unfairly.
Furthermore, I'd like a more formal written account of what exactly makes fractional reserve banking economically superior to full reserve banking. For the record, I am on the fence about it and am open to any interpretation, I'm merely asking the same question that I typically ask someone that advocates a full reserve system.