On not doing due diligence: Bagus and Howden on free banking

On not doing due diligence: Bagus and Howden on free banking In their recent article in the Quarterly Journal of Austrian Economics, Bagus and Howden (2010) present “quibbles” with fractional-reserve free banking. Specifically, they raise what they call “unaddressed issues” in this system, with a particular emphasis on Selgin (1988). We deem their arguments to be more substantial than “quibbles” and see them as part of a longstanding debate about fundamental aspects of monetary theory. We respond to their objections and attempt to specify how debate between the two sides might proceed more productively. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

On not doing due diligence: Bagus and Howden on free banking

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Springer US
Copyright © 2011 by Springer Science+Business Media, LLC
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
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  • The legitimacy of loan maturity mismatching: a risky, but not fraudulent, undertaking
    Bagus, P; Howden, D

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