Economic Recessions, Banking Reform and the Future of Capitalism

by Jesús Huerta de Soto
Nov. 04, 2010

..If we wish to culminate the fall of the Berlin wall and get rid of the real socialism that still remains in the monetary and credit sector, a priority would be the elimination of Central Banks, which would be rendered unnecessary as lenders of last resort if the above 100 percent reserve reform is introduced, and harmful if they insist on continuing to act as financial central-planning agencies.

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