Concept information
Preferred term
Austrian theory of banking
Definition
- The fundamental issue arising in banking and monetary policy is whether governments can improve the monetary institutions of the unhampered market. All government intervention in this field boils down to schemes that increase the quantity of money beyond what it otherwise would be. [Source: The Encyclopedia of Libertarianism; Banking, Austrian Theory of]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Austrian_theory_of_banking
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