

Unpacking Mises: Fractional Reserve Banking and the Currency School
Nov 1, 2024
Kristoffer Hansen, a Mises Fellow, shares insightful perspectives on fractional reserve banking and free banking. He clarifies Mises' acknowledgment of the benefits of fractional reserve banking, as highlighted by economist Larry White. The conversation explores the historical influence of the Currency School on economic stability and the intricate relationship between commodity-backed money and business cycles. Hansen also discusses the inefficacies of Peel's Act in preventing banking crises and delves into various definitions of inflation, emphasizing Mises' complex views on money.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 3min
Exploring the Currency School and Its Financial Principles
02:42 • 2min
Historical Insights into Fractional Reserve Banking and 100% Money
04:43 • 1min
The Impact of Peel's Act on Banking Crises
06:11 • 5min
Mises and the Currency Controversy
10:57 • 9min
Inflation: A Dual Perspective
19:47 • 25min