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Essays & Insights

Vol. 9 (2021): Publicación Anual Continua

En defensa de free banking fraccionario: De regreso a los fundamentos

DOI
https://doi.org/10.30800/mises.2021.v9.1361
Enviado
agosto 17, 2020
Publicado
2021-02-21

Resumen

El presente artículo retoma la discusión austríaca entre los llamados fraccionarios y reservistas (1994 - 2005) y la discusión relacionada al problema de correspondencia incorrecta de madurez (2009 - 2019). La diferencia del articulo está en el enfoque de los argumentos fundamentales: visión ontológica sobre monedas como productos bancarios (IOUs) y dinero, la cuestión del poder de compra del dinero y el problema del no emparejamiento de plazos. El articulo muestra la actividad bancaria como una superestructura en evolución vital que los humanos usan para descubrir la utilización marginal de los recursos de capital existentes. Se afirma que la superestructura bancaria efectivamente descubre la coincidencia de los intereses monetarios con los niveles naturales de los intereses y las preferencias temporales de la sociedad. La tesis defiende la superioridad del free banking fraccionario sobre el reservista. Verificaremos que el free banking fraccionario, en su forma teórica, no está basado en la violación de derechos de propiedad y no causa ciclos económicos de expansión y contracción sistemáticos además de aquellos relacionados a errores naturales de negocios.

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