Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
Bob Murphy Show
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The Misesian Story About Banks
Mises: Banks by flooding the market with new money and pushing down interest rates to artificially low levels sets up the boom bus cycle. How can banks do that? It's because of what's called fraction reserve banking, he says. If banks could only keep their funds on reserve they wouldn't have this problem, Rothbard argues.
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