Writes Brian Doherty:
7:41 pm on September 16, 2010Stop the real bank robbery. That is, the robbery inherent in fractional reserve banking, whereby banks lend out your money while promising to give it all back by the asking. One of the most radical edges of Austrian-libertarian economic thinking, Murray Rothbard’s insistence that fractional reserve banking is inherently fraudulent and criminal, gets a sympathetic airing in the Wall Street Journal in the context of an actual proposal before Britain’s Parliament to abolish the practice.
