Philipp Bagus and David Howden, two young gifted Austro-libertarians, have been enmeshed in a so far several years’ long debate regarding an arcane issue in banking practice (at present rates, this will soon stretch into several decades) with me and my co-author, Bill Barnett. The friendly dispute has to do with time mismatching of bank loans. Recently, I lost track of whose turn it was to publish the next installment, and I asked our debating partners about this. Philip told me that it was their turn. Here is a slightly edited letter of my letter in response to him: Dear … Continue reading Debates Amongst Austro-Libertarians