Free Banking vs Full Reserve Banking

[William R]

http://www.freebanking.org/

The Problem is Central Banking not Fractional Reserve Banking

http://www.freebanking.org/2011/06/27/the-problem-is-central-banking-not-fractional-reserve-banking/

 

[Conza88]

Or it could just be deleted, and the search feature used.

I don't think, at this point, anyone is going to change their minds about where they stand on banking models anyway.

Haha yes. Well I'd like to hope they'd be open to reason & logic, to see where they've gone wrong

 

[Sentient Void]

Haha yes. Well I'd like to hope they'd be open to reason & logic, to see where they've gone wrong

I really don't think as many as you think on this board have been corrupted by Rothbard's erroneous claims about FRFB.

That said, in my experience, those who argue for 100% full reserve banking and against FRFB are quite crankish.

It's almost like a hard line socialist debating a hard line capitalist. The debate for them is emotional, not rational.

 

[Conza88]

I really don't think as many as you think on this board have been corrupted by Rothbard's erroneous claims about FRFB.

Interesting... pity the poll isn't legit, then we'd know? Haha ... because atm it's just you and someone else? :o

That said, in my experience, those who argue for 100% full reserve banking and against FRFB are quite crankish.

It's almost like a hard line socialist debating a hard line capitalist. The debate for them is emotional, not rational.

Guess it's good I use mostly Hoppe then?

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Threadmarker, go make a thread.

 

[Jace]

..

 

[Sentient Void]

Ah, but the fractional reserve bankers used their wealth to create the central banking system. It is their creation that serves their interests at our expense.

This is not any more of an argument against a fractional reserve free banking industry than a monopoly on public utilities of telecom companies or electricity is an argument against a freely competitive telecom or electricity industry.

 

[Sentient Void]

Interesting... pity the poll isn't legit, then we'd know? Haha ... because atm it's just you and someone else? :o

In this thread, yes... but in the numerous debates on this forum I've engaged in, a pretty good portion of visitors/posters are actually FRFB supporters - especially the more economically-minded ones, I've noticed.

Guess it's good I use mostly Hoppe then?

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Nice find, dude. I actually always wondered what Hoppe's position on FRFB vs full reserve banking was... but never took the time to check it out... I'll have to watch this later to see what his position on it is.

Threadmarker, go make a thread.

Yes, absolutely.

 

[robert68]

...

Nice find, dude. I actually always wondered what Hoppe's position on FRFB vs full reserve banking was... but never took the time to check it out... I'll have to watch this later to see what his position on it is...

You mentioned in another thread that you communicate with Stephan Kinsella frequently. I've noticed that although Kinsella doesn't consider FRB to be fraud, he doesn't consider it “economically viable, sound, or needed”, and more than once I've seen him cite Hoppe’s papers as a source for the "explanation" for why. One such time is in the “comment” part following this article, at the end of his second response. Just bringing this to your attention.