Ayn Rand on “fractional reserve banking”

To my great disappointment I have found that Ayn Rand was in favor of “fractional reserve banking”, which I consider to be a form of counterfeiting. (I found this in the interview with John Ridpath in 100 Voices: An Oral History of Ayn Rand.) Therefore, I have updated my article Is “fractional reserve banking” compatible with Objectivism?

Two New Articles

There are now two new articles on my website:

Induction in Economics
Ludwig von Mises on Anarchism

Both those articles are based on Facebook notes, but there is a substantial addition to the first one.