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.
Podzilla Summary coming soon
Sign up to get notified when the full AI-powered summary is ready.
Free forever for up to 3 podcasts. No credit card required.
Listen to This Episode
More from Bob Murphy Show
Ep. 533 Pushing Back Against Neil deGrasse Tyson on Science Funding
Ep. 532 David Beckworth Helps Breakdown Dinesh D’Souza’s Calvinism Debate
Ep. 531 Dave Smith KOs Alan Dershowitz on Iran
Ep. 530 Responding to Dinesh D'Souza on the Alleged Problems of Calvinism
Get summaries like this every morning.
Free AI-powered recaps of Bob Murphy Show and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.