Tag Archives: fractional_reserve_banking

Euro Pacific Bank Silver Debit Card

I recently received notice from Peter Schiff’s Euro Pacific Bank about a new product launch: a 100% reserve silver bank account with an associated debit card. In a previous post, Business Idea: A Gold/Silver 100% Reserve Bank, I noted that … Continue reading

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Business Idea: A Gold/Silver 100% Reserve Bank

This is not an original idea even in today’s world of fiat currencies and fractional reserve banks. I am aware of two precious metals banks that currently exist. The first is Peter Schiff’s Euro Pacific Bank [1]. It is a … Continue reading

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The Ethics of Fractional Reserve Banking

One of the great failures of economics, mostly mainstream but also some who identify themselves as Austrians, is myopia. This myopia takes two forms, the first is the ethics of utilitarianism, the second is over specialization. Let us analyze this … Continue reading

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A Classic Case of the Hazards of Interventionism

Doug French of the von Mises Institute posted an interesting article yesterday: “Can You Yell “Run” in a Crowded Bank?” “Many states have laws on the books prohibiting anyone from making disparaging comments about a particular bank’s financial condition. This … Continue reading

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