Alex Merced reflects on the biggest divide in the Austrian Economics community, the debate on 100% reserve banking and free banking. Alex Merced discusses his concern for public insurance schemes and how technology with make this banking debate less relevant since the need for central pockets of capital formation become less important. Clarification: I probably shouldn't of refered to the Denationalization of money by FA Hayek as a book on free banking since it's more about what the money should be then the banking side of things. Although still a must read. For the record I recorded this after a 13 hours workday and was exausted, so I do apologize for my lack of focus on the subject in this video.
