My friend Mike Rozeff (https://www.lewrockwell.com/lrc-blog/copying-banknotes-panarchy/) thinks fractional reserve banking is legitimate, and criticizes me for failing to agree. I don’t think this, LewRockwell.com, is the proper venue to thrash out such complex issues, where libertarians of impeccable credentials, such as he, disagree with other equally qualified Austro-libertarians. I again invite him to take to task in a more systematic way those Austro-libertarians, including me, who regard fractional reserve banking as fraudulent per se. I again offer him a large target to which he can respond. Bagus, 2003; Bagus, Howden and Block, 2013; Barnett and Block, 2005, 2008, 2009; Baxendale, 2010; … Continue reading A Non-Substantive Response to Mike Rozeff on Fractional Reserve Banking.