tag:blogger.com,1999:blog-21956427.post7426802083047335905..comments2023-10-05T15:01:01.611+05:30Comments on Of Thought & Action: Macro Cube -2Ritwikhttp://www.blogger.com/profile/00616694597577112758noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-21956427.post-8395008039631944112011-03-06T23:40:18.417+05:302011-03-06T23:40:18.417+05:30"should operate with the minimal but hard con..."should operate with the minimal but hard constraint of full-reserve banking."<br /><br />Contrary to what you seem to be saying, that isn't my view. I would expect free banking to result in private fractional reserve banks, as in Scotland in the 18th century.David Friedmanhttps://www.blogger.com/profile/06543763515095867595noreply@blogger.com