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I have few projects ongoing, but nothing ready at the moment. I've thought many times about marketing here when something is finished.
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Aah, finally this topic is talked through.
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Mises wasn't against fractional reserve banking.
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In free market prices of goods are free to change, including price of gold.
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[quote] I'm unclear on how a 100% reserve would work. How could they offer loans? If only on money beyond cash holdings, it would favor giant banks and erode competition. [/quote] All austrians don't support 100% reserves. Rothbard did when he was older, but Hayek and Mises didn't.
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It's a while from the last free banking/full reserves-fight, so... http://www.freebanking.org/2012/07/17/banknotes-are-not-and-have-never-pretended-to-be-warehouse-receipts/
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[quote]Rarely have I heard that Austrians do not hate fraction reserves en whole. Tell me the rationale for thinking they are ok.[/quote] Austrians are divided by the issue. Rothbardians support 100% reserves and White&Selgin free bankers FRB. Hayek kickstarted the free banking-movement and Mises was always "between", if I've understood
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[quote]I'm surprised. Usually Forbes is on 'our' side.[/quote] There are many Austrians who supported fractional reserve banking, including Hayek and Mises, so 'our' side might be a wrong word in this case.
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Answer depends on how "libertarian" is defined and what is meant by "anarcho-capitalism".
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[quote]That is what is essentially meant in regards to the 'law code'. Of course renegade judges could choose not to adhere to the NAP at all.. but then their patronage would be miniscule, and they would end up going out of business.[/quote] This is my main point on Rothbard. What if there is no demand for libertarian ethics in the law market