a set of banking reforms suggested by University of Chicago economists in the wake of the Great Depression; supported by Friedman, Minsky, Fisher, etc; suggested 100% reserves on demand deposits; never fully implemented (some watered-down versions eventually made it into policy)
(noun) the action of the state in taking or modifying the property rights of an individual in the exercise of its sovereignty; differs from eminent domain in that it can also refer to private property taken by a private entity authorised by the government