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Continuing the Fractional Reserve Debate in Light of Selgin and White's Response
Episode 325
Published 1 year, 11 months ago
Description
In BMS ep. 322, Bob criticized a recent interview of George Selgin regarding the lack of historical examples of 100% reserve banking. In this episode, Bob responses to George's pushback (on Twitter) and also Larry White's in-print response to Rothbard's old critique of the Scottish "free banking" episode.
Mentioned in the Episode and Other Links of Interest:
- What started this fiasco: BMS ep. 322, "Selgin vs. Selgin."
- Rothbard's critique of Larry White on the Scottish episode (starts p. 859). White's response (chap. 3).
- John Cochrane on The Narrow Bank. Selgin's contrarian take.
- Selgin on the history of 100% reserve banks.
- Block and Barnett on maturity mismatching.
- Murphy’s journal article critiquing the Selgin/White view of fractional reserve free banking. Murphy's book Understanding Money Mechanics.
- Help support the Bob Murphy Show.