Mere Quibbles: Bagus and Howden's Critique of The Theory of Free Banking
University of Georgia
April 4, 2011
Despite its title, Philipp Bagus and David Howden's critique of The Theory of Free Banking does more than merely "quibble" with that book's arguments: their criticisms of those arguments are such as to suggest that the very foundation upon which my defense of free banking rests is deeply flawed. Here I defend my work against Bagus and Howden's criticisms, by showing that they rest upon careless or disingenuous readings of my arguments and a poor grasp of basic monetary economics.
Number of Pages in PDF File: 26
Keywords: free banking, fractional reserves, Austrian theory of the business cycle
JEL Classification: E31, E32, E41, E42, G21working papers series
Date posted: April 2, 2011 ; Last revised: April 8, 2011
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