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…

Bob responds to a recent interview where George Selgin says the historical record proves that fractional reserve banking is a market outcome. Bob gives two separate reasons, and ironically plays different Selgin clips to validate each of them. Mentioned in the Episode and Other Links of Interest: Selgin’s interview on free banking. His debate with…