FRACTIONAL Reserve Banking DEBATERecap | Hn 249

On this crossover episode, Adam Haman and economist Bob Murphy take the Wayback Machine to a 2018 Soho Forum debate between Bob and economist George Selgin about whether Fractional Reserve Banking (FRB) poses a threat to the stability of market economies.Bob makes of Adam a simple request: "Tell me why I lost this debate."00:00 — Intro. The topic for this episode is bonkers!02:55 — What was this debate all about? 05:25 — Why Bob Lost Reason 1) Oxford-style voting.08:30 -- Why Bob Lost Reason 2) Dressing for success.10:40 -- Why Bob Lost Reason 3) Delivery. (Featuring Clip 1: Jimmy Stewart)20:30 — Why Bob Lost Reason 4) Selgin's argument was an easier sell.21:30 — Why Bob Lost Reason 5) An important assertion not effectively refuted. Also, Adam blames Bob for not inventing time travel.29:20 — Clip 2: Gene Epstein tees Bob up. Did Bob swing and miss? Also: chemical gas?44:15 — Clip 3: Selgin the empiricist, Scottish banking, and what would the magnitude of FRFB booms/busts be w/o a central bank and government regulations?58:30 — Clip 4: Selgin's closing statement.1:03:18 — Clip 5: Bob's closing statement.1:10:50 — Outro and final thoughts. Thank you for supporting Haman Nature!Sponsor mentioned: https://ExpatMoney.com/Murphy2018 debate mentioned:Bob's 2019 article that sprang from this debate: https://mises.org/quarterly-journal-austrian-economics/more-quibbles-problems-theory-and-history-fractional-reserve-free-bankingSponsor mentioned: https://ExpatMoney.com/MurphyHaman Nature Merch Store: https://shop.hamannature.comAdam on X: https://x.com/Rerazer Bob on X: https://x.com/BobMurphyEcon The Bob Murphy Show: https://www.bobmurphyshow.com/ Adam’s other show: https://naturalorderpodcast.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe