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Bob Murphy Show - The Walls Are Contracting on George Selgin's Credit
Published 4 weeks ago
Description
Taking a recent Twitter exchange as a springboard, Bob argues that George Selgin has unwittingly conceded the entire argument they had at the SoHo Forum: namely, fractional reserve banking by its very essence causes a mismatch between the community's saving and the funds made available for loans via the banks.
Mentioned in the Episode and Other Links of Interest:
- Keith Vencel's new book, A New Monetary System.
- The SoHo Forum debate between Selgin and Murphy.
- Selgin's posts on ABCT and FRB (one and two).
- Bob's Human Action episode on Mises and FRB.
- Bob's QJAE article on FRB and the business cycle.
- Help support the Bob Murphy Show.