SLP395 John Tamny - Inflation & Optimism
Stephan Livera Podcast
00:00
A Well Run Bank Doesn't Need Capital or Reserve Requirements
J p morgan: A well run bank doesn't require these things. Any well run bank has myriad people lined up willing to lend against good assets. And so this notion that we need capital or reserve requirements is laughable. But i just don't understand why austrians claim this free market mantle, but then they don't trust the market for money at all. They just think it's bankers and conspiracy rock rockefellers and the fed doing all these things.
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