Mises on Fractional Reserves: A Review of Huerta De Soto's Argument

New Perspectives on Political Economy (7).2:203-230

40 Pages Posted: 28 Jan 2011 Last revised: 15 Mar 2014

See all articles by Nicolas Cachanosky

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research; UCEMA Friedman-Hayek Center for the Study of a Free Society

Date Written: May 9, 2011

Abstract

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, B31

Suggested Citation

Cachanosky, Nicolas, Mises on Fractional Reserves: A Review of Huerta De Soto's Argument (May 9, 2011). New Perspectives on Political Economy (7).2:203-230, Available at SSRN: https://ssrn.com/abstract=1734143 or http://dx.doi.org/10.2139/ssrn.1734143

Nicolas Cachanosky (Contact Author)

Metropolitan State University of Denver ( email )

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HOME PAGE: http://www.ncachanosky.edu

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
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UCEMA Friedman-Hayek Center for the Study of a Free Society ( email )

Buenos Aires
Argentina

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