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.