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Full Reserve Banking Philipp Bagus

SKU: BELL-59329242

$ 31.00 ~~$ 45.00~~ (-31%)

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Full Reserve Banking Philipp Bagus instant download after payment.

Publisher: Mises Institute

File Extension: EPUB

File size: 1.22 MB

Pages: 162

Author: Philipp Bagus

ISBN: 9781610167710, 1610167716

Language: English

Year: 2024

Product desciption

Full Reserve Banking Philipp Bagus by Philipp Bagus 9781610167710, 1610167716 instant download after payment.

In Full Reserve Banking versus the Real Bills Doctrine, Philipp Bagus defends Austrian monetary theory and full reserve banking against the real bills doctrine. Responding to economist Juan Ramón Rallo’s critique of Ludwig von Mises’s The Theory of Money and Credit in Una crítica a la teoría monetaria de Mises, Bagus demonstrates that Mises’s supposed errors are not errors at all. He mercilessly dismantles Rallo’s proposed alternative theory of money point by point. Bagus shows that only by abandoning the aberrations of real bills doctrine, fractional reserve banking, and Feketian liquidity theory and adopting Austrian monetary theory will the economic discipline be able to advance in reaching a true understanding of monetary phenomena.