View the full 28-minute interview at http://goldmoney.com/huerta-de-soto-interview. In this video, Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University, Madrid, explains the three measures he would take to fix the financial system. These are 100 per cent bank reserve requirements, the abolition of central banks and the implementation of a pure gold standard. He outlines why under a free banking system, fractional reserve banking would die out.
