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"Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation."
 By: | Lew Rockwell (more quotes by Lew Rockwell or books by/about Lew Rockwell) |
| [Llewellyn H. Rockwell, Jr.] (1944- ) Chairman of the Ludwig von Mises Institute |
Source: | Banks on the Dole, THE FREE MARKET, November 1995. |
Categories: | Banking, Economics, Inflation, Money |
Rating: |    |