Bob goes solo to explain some of the most important points in his new QJAE article on the fractional reserve banking debate. Bob shows why Mises thought *any* issuance of fiduciary media caused the boom-bust cycle, and he points out a major flaw in George Selgin’s defense of fractional reserve banking.
Mentioned in the Episode and Other Links of Interest:
- Bob’s new article in the QJAE on fractional reserve banking.
- Bob’s Mises U lecture that gives a primer on the intra-Austrian debate on FRB.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.