The Case Against Fiduciary Media: Ethics is the Key

Salerno (http://mises.org/daily/4389, 2010a) asserts that in the debate between those who favor and oppose fractional reserve banking, the important issue is not whether or not this institution is inherently fraudulent, but, rather, does it or does it not cause the business cycle. We join this autho...

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Bibliographic Details
Authors: Block, Walter (Author) ; Davidson, Laura (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2011
In: Journal of business ethics
Year: 2011, Volume: 98, Issue: 3, Pages: 505-511
Further subjects:B Fractional reserve banking
B Ethics
B business cycle
B Fraud
B Contract
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Summary:Salerno (http://mises.org/daily/4389, 2010a) asserts that in the debate between those who favor and oppose fractional reserve banking, the important issue is not whether or not this institution is inherently fraudulent, but, rather, does it or does it not cause the business cycle. We join this author in thinking both important; however, we reverse this order.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-010-0590-2