SLP485 What is Inflation? with Jonathan Newman
Stephan Livera Podcast
00:00
The Differences Between Full Reserve and Fractional Reserve
Mises defines inflation as an increase in the money supply. But Rothbard is putting it in terms of issuing money beyond the stock of species. So I'm curious then, and this also kind of veers over into the whole full reserve and fractional reserve debate. Does that mean your opinion might sort of turn based on if you're a Hoppean, Rothbardian full reservist or you are a Selgenite free banker?
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