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Claudio Grass: The Swiss Vote on Fractional Reserve Banking

  • Claudio Grass on Mises Weekends
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Tags The FedGlobal EconomyMoney and Banks

01/08/2016Claudio GrassJeff Deist

You may have heard about the Swiss referendum to end fractional reserve lending by Swiss commercial banks. It's a fascinating development for Austrians and libertarians, and it's another example of how average Swiss people can use referenda to force both their central legislature and the twenty-six Swiss cantons to consider their proposals, merely by gathering 100,000 signatures within an 18-month period.

Here to help us understand this from a Swiss perspective is Claudio Grass, a good friend of the Mises Institute, a principal with the Swiss company Global Gold, and a Rothbardian with a great understanding of money and Banking issues.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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