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Money, Banking, and Credit
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Book •
In 'Money, Banking, and Credit', Jesús Huerta de Soto presents a comprehensive analysis of the Austrian School of economics' perspective on monetary theory and banking practices.
He critiques fractional reserve banking, arguing it is inherently unstable and leads to boom-and-bust cycles.
De Soto advocates for a 100% reserve banking system, asserting it aligns with sound economic principles and ethical standards.
The book explores the nature of money, the role of credit, and the impact of government intervention in the monetary system.
It offers a detailed case against central banking and inflation, providing an alternative framework for a stable and sustainable financial order based on individual freedom and market discipline.
He critiques fractional reserve banking, arguing it is inherently unstable and leads to boom-and-bust cycles.
De Soto advocates for a 100% reserve banking system, asserting it aligns with sound economic principles and ethical standards.
The book explores the nature of money, the role of credit, and the impact of government intervention in the monetary system.
It offers a detailed case against central banking and inflation, providing an alternative framework for a stable and sustainable financial order based on individual freedom and market discipline.
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when recalling reading the book as a student, and getting really into the fractional reserve banking versus full reserve banking argument.

Reem Ibrahim

#107 - Reem Ibrahim - Free Markets, Capitalism & Liberty