Mises Wire
Author:
Robert P. Murphy
Online Publish Date:
George Selgin has a 3-part series ( I , II , and III ) at Alt-M taking people (like me) to task for claiming that fractional-reserve banking per se causes the boom-bust cycle as described by Mises/Hayek. To be clear, George is putting aside the issue of whether FRB is fraud, and is just focusing on the economics. (He thinks the people claiming