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Claudio Grass: The Swiss Vote on Fractional Reserve Banking

4,417 views · Published 8 January 2016 · 22:00 · Indexed 12 November 2026

Channel: misesmedia · 2016 · News & Politics

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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 interview begins at 4:00.

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