Episode description

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: Mises.org/TMC

Bob's study guide to A Theory of Money and Credit: Mises.org/HAP388a

John Cochran, 'The Safest Bank the Fed Won't Sanction': Mises.org/HAP388b