Hey everyone, I'm new on here, but I'm hoping to find some resources to further my work.
I'm trying to write a paper for my senior thesis at undergrad addressing the issues involved with a fractional reserve banking system. I'm constantly at odds with the department, as they are all Keynesians, and was hoping to find some resources on the most frequent criticism they have; that the "Great Moderation" that followed the ending of World War II and the passage of Glass-Steagall proves that there is stability within a fractional-reserve system with the proper amount of government regulation. I realize that this period coincides with the ending of the most devastating war the world had ever seen and that there was a great deal of inflation during this period, but are there other issues I can address? Or specifically, are there issues that Glass-Steagall would have prevented if it was still around during the current crisis?
Thanks so much for the help.
Tom Woods has done a good job smacking down the Glass-Steagall red herrings. Link.