Austrian economics and new currency theory on 100% banking: A response to Huber
DOI:
https://doi.org/10.52195/pm.v11i1.176Abstract
This article is a response to Huber (2013) Notes on the occasion of reading Jesús Huerta de Soto. We first analyze and critique the five main arguments Huber brings forward against Huerta de Soto’s theory and monetary reform plan. Second, we clarify some of Huber’s misunderstandings regarding Huerta de Soto’s theory and Austrian economics in general. Finally, we proceed to criticize the New Currency School and Huber’s ideal monetary system of a 100% fiat money.
Key words: 100% banking, New Currency School, Austrian School, Monetary Reform, Huber, Huerta de Soto.
JEL Classification: E40, E50, B53, B59.
Resumen: Este artículo es una respuesta a Huber (2013) Notes on the occasion of reading Jesús Huerta de Soto. Primero, analizamos y criticamos los cinco argumentos principales que Huber lanza contra la teoría y la reforma monetaria que plantea Huerta de Soto. Segundo, clarificamos algunos de los malenten-didos acerca de la teoría de Huerta de Soto y la Escuela Austriaca en gene - ral. Al final, procedemos a criticar a la Nueva Escuela Monetaria y el siste - ma monetario ideal de Huber, que es un sistema de dinero fiat 100%.
Palabras clave: Banca 100%, Nueva Escuela Monetaria, Escuela Austriaca, Reforma Monetaria, Huber, Huerta de Soto.
Clasificación JEL: E40, E50, B53, B59.
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