Resources

Web resources, both for and against full reserves.

Newer resources

• Two flaws in fractional reserve banking (PDF) — Ralph Musgrave.
• Ann Pettifor’s incompetent criticisms of Positive Money and Martin Wolf — Ralph Musgrave.
• Economics from First Principles — Michael Reiss; includes chapters on full and fractional reserve banking.

Responses to Martin Wolf’s support for full reserves

• Why I disagree with Martin Wolf and Positive Money — Ann Pettifor.
• A reply to Ann Pettifor: Why there will be no “shortage of money” — Positive Money.
• Is a Banking Ban the Answer? — Paul Krugman.
• A response to Paul Krugman — Positive Money.
• Ban All the Banks: the idea people are starting to take seriously — Business Insider.
• Comments on Martin Wolf’s banking article — Warren Mosler.
• Money creation is too vital to be left to the state — Philip Booth.

Older resources

• 100% Money — Irving Fisher.
• The Chicago Plan Revisited — IMF working paper.
• Narrow Banking FAQ — John Kay.
• Narrow Banking — Wikipedia.
• Money, Bank Credit, and Economic Cycles — Jesús Huerta de Soto.
• A short video featuring Herman Daly.
• Money and the Steady State Economy — Herman Daly.
• Full-reserve banking — Wikipedia.
• Interview material with Steve Keen.
• The “Chicago Plan” and New Deal Banking Reform — Ronnie J. Phillips.
• Narrow Banking Reconsidered — Ronnie J. Phillips.
• Solving Our Nation’s Financial Crisis with Limited Purpose Banking — L. J. Kotlikoff and J. C. Goodman.
• A Theoretical Analysis of Narrow Banking Proposals — S. Kobayakawa.
• Accounting for Fractional-Reserve Banknotes and Deposits — Lawrence H. White.
• Why narrow banking alone is not the finance solution — Martin Wolf.