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Ep. 48 Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking
Episode 487th August 2019 • Bob Murphy Show • Robert Murphy
00:00:00 01:04:05

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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.
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The audio production for this episode was provided by Podsworth Media.