What branch of capitalism was founded by the author of The Mystery of Banking?
The Mystery of Banking The Mystery of Banking is Murray Rothbard's 1983 book explaining the modern fractional-reserve banking system and its origins. In his June 2008 preface to the 298-page second edition, Douglas E. French suggests the work also lays out the “...devastating effects [of fractional-reserve banking] on the lives of every man, woman, and child.”
The Bankers The Bankers is the 1975 book by the economist-writer Martin Mayer that describes the industry just at the cusp of deregulation. At the time, banks had just been released from the interest rate ceilings of Regulation Q imposed by the Fed. Also, NOW (or negotiable orders of withdrawal) accounts allowed checkable deposits to earn interest. This period, the mid to late 1970s saw an explosion of financial markets innovation with money market mutual fund accounts, call and put options traded first over the counter then on listed exchanges and finally bank deregulation as failed banks were taken over by out of state banks.