https://www.youtube-nocookie.com/embed/UDLCa7maGZA?si=Kh5KcRqhyGTmMH7q
Further reading:
The Great Fractional Reserve/Free Banking Debate compiled by Stephan Kinsella
In favour of 100% reserves:
More Than Quibbles: Problems with the Theory and History of Fractional Reserve Free Banking by Robert P. Murphy
Fractional Reserve Free Banking: Some Quibbles by Philipp Bagus & David Howden
Unanswered Quibbles with Fractional Reserve Free Banking by Philipp Bagus & David Howden
Still Unanswered Quibbles with Fractional Reserve Free Banking by Philipp Bagus & David Howden
Monetary Equilibrium and Price Stickiness: Causes, Consequences and Remedies by Philipp Bagus & David Howden
Monetary equilibrium and price stickiness: A rejoinder by Philipp Bagus & David Howden
Full Reserve Banking versus the Real Bills Doctrine by Philipp Bagus
The Concept of Coordination in Austrian Macroeconomics by Joseph T. Salerno (Chapter 7 in Money, Sound and Unsound)
In favour of fractional reserves:
Bank Deregulation and Monetary Order by George Selgin
Competition and Currency: Essays on Free Banking and Money by Lawrence H. White
The Theory of Monetary Institutions by Lawrence H. White
Would a free banking system stabilize NGDP growth? by Alexander W. Salter, Andrew T. Young
Mere quibbles: Bagus and Howden’s critique of the theory of free banking by George Selgin
On not doing due diligence: Bagus and Howden on free banking by Anthony J. Evans & Steven Horwitz
Monetary equilibrium and price stickiness reconsidered: A reply to Bagus and Howden by William J. Luther & Alexander W. Salter
Monetary equilibrium by Joshua R. Hendrickson
The Experience of Free Banking edited by Kevin Dowd
Money and the Market: Essays on Free Banking by Kevin Dowd
Competition and Finance: A Reinterpretation of Financial and Monetary Economics by Kevin Dowd
Laissez-Faire Banking by Kevin Dowd
See also:
Narrow Banking by George Pennacchi
Should Banks Be Narrowed? By Biaggio Bossone
Toward a Run-free Financial System by John H. Cochrane
Narrow Banking Meets the Diamond-Dybvig Model by Neil Wallace
Deposit insurance, bank regulation, and narrow banking by Stephen Williamson
Where to Draw Lines: Stability Versus Efficiency by Thomas J. Sargent
The New Monetary Economics Revisited by David Cronin
Indirect Convertibility, Equity-Based Banking and Financial Stability by David Cronin
