Description Michael Goldstein and Pierre Rochard discuss Pierre's 2013 article "Fractional Reserve Banking is Obsolete." Featuring Michael Goldstein: https://x.com/bitstein Pierre Rochard: https://x.com/BitcoinPierre Links & Resources "Fractional Reserve Banking is Obsolete" by Pierre Rochard Money, Bank Credit, and Economic Cycles by Jesús Huerta de Soto "The Great Fractional Reserve/Free Banking Debate" by Stephan Kinsella The SNI Mempool Crash Course in Bitcoin Political Economy Support the Show The Satoshi Nakamoto Institute is a qualified 501(c)(3) nonprofit organization. Donate via Zaprite Connect Website: https://nakamotoinstitute.org X: https://x.com/NakamotoInst Nostr: https://primal.net/sni