Readings on Banking From an Austrian Point of View
From: M Sent: Sunday, December 03, 2017 12:36 AM To: Walter Block Subject: economics of banking Hi Walter, Can you recommend a good book on the economics of banking. I have a basic understanding of fractional reserve banking but I just want to clarify my thinking on it. Specifically – if I go a bank or credit union and take out a mortgage to buy a house, where does the bank get the money to lend me? I used to think that if the bank took in, say, $1,000,000 in deposits and it had a 10% reserve requirement, it could … Continue reading Readings on Banking From an Austrian Point of View
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