Sunday, 17 October 2010

100% reserve banking: lecture at the LSE by de Soto.

Jesus Huerta de Soto, is a Spanish prof who has written an entire book against fractional reserve banking (750 pages!). He goes into the entire history. Seems to me (and don't take my word for it) that we are still all arguing about the points relating to banking that ancient Romans were aware of and that various Europeans were aware of 500 years go.

The book is called "Money, bank credit and economic cycles" and it's available online.

His lecture at the London School of Economics is on Thursday 28th Oct., which I intend going to. Details here:

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