No Free Lunch: Economics for a Fallen World: Third Edition, Revised

Chapter Eleven: Money, Money, Money! 273 ENDNOTES: 1. While our text outlines a story of Goldsmiths originating fractional reserve banking, Selgin offers evidence that at least suggests that Goldsmiths were not quite as nefarious as often presented. Nonetheless, our discussion of the implications of fractional reserve banking is not compromised even if this commonly presented history is not quite right. 2. [Photograph of Milton Friedman]. (Verbal permission given by the Friedman Foundation). Retrieved July 2, 2013, from Milton-Friedman-s-Bio.aspx