"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
[Llewellyn H. Rockwell, Jr.] (1944- ) Chairman of the Ludwig von Mises Institute |
Source: | Banks on the Dole, THE FREE MARKET, November 1995. |
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