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1min chapter
Unpacking Mises: Fractional Reserve Banking and the Currency School
The Human Action Podcast
Historical Insights into Fractional Reserve Banking and 100% Money
This chapter delves into the history of fractional reserve banking, focusing on the issuance of paper notes by private banks backed by gold. It also examines the currency school's advocacy for a 100% reserve requirement to safeguard against financial instability.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode