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Kenneth M. Garschina graduated from the College of the Holy Cross in 1993. We would like to thank Murray N. Rothbard and 3 anonymous referees for helpful comments. The usual caveat applies.
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Block, W., Garschina, K.M. Hayek, business cycles and fractional reserve banking: Continuing the de-homogenization process. Rev Austrian Econ 9, 77–94 (1996). https://doi.org/10.1007/BF01101882
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DOI: https://doi.org/10.1007/BF01101882