A Proposal for Banking Reform: The Theory of a 100-Percent Reserve Requirement

We have now completed our study from the perspectives of history, law, and economic theory (the theory of capital, the theory of cycles, the viewpoints of other theorists—Keynes, monetarists—the debate between supporters of the Free-Banking School and supporters of the Central-Banking School), and now we are ready to delve into the book’s concluding chapter and analyze the 100-percent reserve banking system.