Carlos Rodriguez Braun wrote:
>Our Austrian School colleagues will be happy to hear such a 
>distinguished Chicago School leader backing the 100 % cash reserve 
>proposal, but I think that Mints has been labelled a Keynesian by 
>Austrian economists.

It is worth pointing out that favoring 100% reserve banking is NOT a 
position favored by all Austrian school economists.  There has been a 
several decades-long debate within Austrian economics over this 
issue, with a number of us arguing that there is absolutely nothing 
wrong with fractional reserve banking per se.  So as a matter of 
accurate history of economic thought, it is probably best not to 
assume that people who find value in the Austrian school also think a 
100% reserve system is desirable, especially when one also recalls 
that Hayek did not prefer it and Mises was ambiguous.

Steven Horwitz