Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves

Jun 21, 2024 · 1h 10m 20s
Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves
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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...

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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.Join us in October for a weekend of celebration at the 2024 Mises Institute Supporters Summit in Hilton Head, South Carolina. Registration is open for Mises Members at Mises.org/SS24The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
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Author Mises Institute
Organization Chad Parish
Website -
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