Mises Wire

The Unthinkable Becomes Sayable

The Unthinkable Becomes Sayable
Mises Wire Jeffrey A. Tucker

The governor of the Bank of England actually mentioned the possibility of a Misesian-style reform toward 100% reserve banking, according to the Financial Times. “Or, in an idea that would mean the radical reshaping of the banking system, banks could be forced to match each investment made with funding over an equivalent time period, Mr King said.” Credit to the Cobden Centre for changing the terms of debate here.

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