Robert Murphy on How Full Reserve Banking Could Work
Posted: Mon. April 17, 2023, 12:56pm PT
Posted: Mon. April 17, 2023, 12:56pm PT
With commercial banks exposed by the recent bailouts, Americans question whether their money is truly safe despite the promises of FDIC insurance. Jeff Deist and Independent Institute Research Fellow Robert Murphy walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Misess Theory of Money and Credit.