DEBATE: Is Fractional Reserve Banking Economically Benign?

When I recently (episode 745) spoke to Professor Jeffrey Herbener about the economic effects of fractional-reserve banking, I recalled that John Tamny and I had had a disagreement on the subject. So for this episode I’ve invited both of these gentlemen for a formal debate on the subject. I think you’ll find the result enlightening. Subscribe to the Tom Woods Show: https://itunes.apple.com/us/podcast/the-tom-woods-show/id716825890?mt=2
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