¿Pueden los bancos cumplir? Rallo y Bagus debaten la deuda a la vista

Juan Ramón Rallo and Philipp Bagus, experts in the Austrian School, delve into the complexities of debt repayment and fractional-reserve banking. Rallo argues that debts can be settled in various ways, such as offsetting, and that the existence of more debt than money does not imply an inability to pay. He defends the contractual validity of "demand loans" and other legal mechanisms beyond deposits, even drawing on Roman law to refute the notion that all loans must have an explicit or implicit term. Philipp Bagus, for his part, introduces the concept of "aleatory contracts" as an alternative if the full availability of money is not guaranteed, although he questions its practicality and its conflict with the essential function of money to reduce uncertainty. The debate centers on whether demand loans are inherently problematic and whether the current contractual framework, including verbal or written promises, allows for a freer and more efficient banking system without resorting to centralized planning. 🔗 Link to the full conference:    • Juan Ramón Rallo y Philipp Bagus - Reserva...   00:00 Introduction 00:05 How are debts actually paid? 00:29 Compensation as a form of debt payment 01:13 Demand Debts and their payment 01:25 Refinancing as debt payment 01:50 Philipp Bagus and the aleatory contract 03:04 Juan Ramón Rallo criticizes the aleatory contract 04:50 Uncertain assets and means of payment 06:11 Demand Loan vs. Deposit 07:06 Does every loan have a term? 08:23 Contractual Figures in Roman Law 09:24 The Minimum Term in a Loan 11:30 The Value of Time in Finance 12:55 Final Debate and Closing Remarks ......... Help us continue and improve our work Become a member of the IJM: https://frapp.co/ngos/juandemariana/c... Become a member of the YouTube channel:    / @instjuandemariana   Make a donation: https://www.paypal.me/juandemariana Follow us on our social media Website - https://www.juandemariana.org Instagram -   / juandemariana   Facebook -   / juan.de.mariana   Twitter -   / juandemariana   LinkedIn -   / instituto-juan-de-mariana   Telegram - https://t.me/juandemariana