Ep. 325 Continuing the Fractional Reserve Debate in Light of Selgin and White's Response

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.