With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance.
Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.
Mises’s A Theory of Money and Credit: https://Mises.org/TMC
Bob’s study guide to A Theory of Money and Credit: https://Mises.org/HAP388a
John Cochran, ‘The Safest Bank the Fed Won’t Sanction’: https://Mises.org/HAP388b
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00:00 Introduction
00:50 Mechanics of Loan Banking and Deposit Banking
08:12 Fiduciary Media
18:12 Federal Restrictions on Banking
30:48 The Coming Currency Dystopia