The Tom Woods Show

Fractional-reserve banking, in which only a fraction of demand deposits are available on demand (the rest being lent out), has been a source of controversy even among self-identified Austrian economists. Jeff Herbener joins us to discuss the purely economic effects of fractional-reserve banking.

Show notes for Ep. 745

Direct download: woods_2016_09_26.mp3
Category:Talk Radio -- posted at: 1:59pm EDT