JESÚS HUERTA DE SOTO ver the last fifteen years there has been a revival of some of the
economi doctrines of the old Free-Banking Schooi Supporters of this revivaldetend the idea
that fractional-reserve free banking would not only lead to fewe distortions and financial
crises than those generated by the current central banking system, but would also tend to
eliminate economic recessions. We will group these theorists together under the name of the
Fractional-Reserve Free-Banking School." This School is formed by a coalition of theorists …