Why the Scottish “Free Banking” Episode Doesn’t Justify Fractional Reserves
Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn’t show that free-market banks would carry low reserve ratios.
- Reason Debate Between Bob and George Selgin: Mises.org/HAP453a
- George Selgin Interview on Free Banking: Mises.org/HAP453b
- Selgin’s Response to Bob on Twitter: Mises.org/HAP453c
- Rothbard’s Economic Controversies: Mises.org/HAP453d
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