Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves

21/06/2024 1h 10min
Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves

Listen "Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves"

Episode Synopsis

Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.

Reason Debate Between Bob and George Selgin: https://Mises.org/HAP453a
George Selgin Interview on Free Banking: https://Mises.org/HAP453b
Selgin's Response to Bob on Twitter: https://Mises.org/HAP453c
Rothbard's Economic Controversies: https://Mises.org/HAP453d