Quarterly Journal of Austrian Economics
Author:
William Barnett II
Walter Block
Online Publish Date:
Volume 8, No. 2 (Summer 2005) Selgin and White commence their defense of monetary systems with fractional-reserve banking, provided they are based on gold specie money. They argue that such systems are both ethically and economically defensible. With respect to the economics of the matter, they address several issues. We consider them in the