How Banking Could Work

Tags: Booms and Busts, The Fed, Money and Banks

03/25/2023 Jeff Deist Robert P. Murphy

With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance.

Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.

Mises’s A Theory of Money and Credit: Mises.org/TMC

Bob’s study guide to A Theory of Money and Credit: Mises.org/HAP388a

John Cochran, ‘The Safest Bank the Fed Won’t Sanction’: Mises.org/HAP388b

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member