Munich Personal RePEc Archive

Forty two Flawed Arguments for and Against Full Reserve Banking.

Musgrave, Ralph (2014): Forty two Flawed Arguments for and Against Full Reserve Banking.

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Abstract

The basics of full reserve (FR) banking are set out below, followed by thirty eight flawed arguments against, and four flawed arguments for full reserve (also known as “100% reserve”). Each argument set out below has: 1. A heading (which also appears in the table of contents below). 2. Where the heading does not adequately capture the nature of the argument, there is a paragraph below the heading starting “I.e…”, which expands on the heading. 3. There are references one or more economists who have put the relevant argument in almost every case. 4. The answer to each argument which starts with a paragraph beginning with the word “Answer.”

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