Mises on Fractional Reserves: A Review of Huerta De Soto's Argument
May 9, 2011
New Perspectives on Political Economy (7).2:203-230
The interpretation that Mises preferred banking with a 100% reserve requirement finds strong support in Huerta de Soto’s Money, Bank Credit, and Economic Cycles. This article seeks to review his arguments concluding that it is in fact more feasible to interpret that Mises preferred free banking with fractional reserves to the 100% reserve requirement.
Keywords: Mises, fractional reserves, Huerta de Soto
JEL Classification: B25, B31Accepted Paper Series
Date posted: January 28, 2011 ; Last revised: July 10, 2012
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