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There have been criticisms against Javier Milei´s plan to install a 100% reserve banking system in Argentina. One of the fears is that in a 100% reserve banking system there would be price deflation which would be detrimental to the economy. I have written about the myth that falling prices are to be fought against with inflation of the money

Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to a reduction of government spending, there is insufficient demand in the economy leading to unemployment. The unemployment makes things even worse as aggregate

The US Federal Reserve has adjusted  its official inflation target to be even more flexible and inflationary. The Fed has always been more inflationary than the Bundesbank  and its successor, the European Central Bank, at least on paper. The primary objective of the ECB is price stability, following the Bundesbank legacy. Curiously, the ECB

My latest contribution to the debate on Milei´si banking reform and the 100% reserve ratio has received a response in form of a video by Juan Ramón Rallo who defends a fractional reserve banking system based on real bills. The video is mainly about the question of whether fractional reserve banking necessarily triggers an Austrian business cycle,

[Editor’s note: The Mises Institue does not endorse any particular candidate, political strategy, political coalition, or political party. This article reflects the views of the author and should not be interpreted as an endorsement of Javier Milei by the editorial staff or the Mises Institute.] While the majority of libertarians have looked with