Unpacking Mises: Fractional Reserve Banking and the Currency School
The Human Action Podcast
Inflation: A Dual Perspective
This chapter explores differing economic definitions of inflation, focusing on Rothbard's views related to the gold standard and the implications of money supply changes. It discusses the unique characteristics of money, the dynamics of fractional reserve banking, and critiques Mises' theories on commodity money versus paper currency. The chapter emphasizes the importance of understanding money's role in economic stability and consumer preferences, while examining the philosophical debates surrounding resource allocation in exchange.
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