Ep. 48 Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking
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: