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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 Bob and George Selgin: https://Mises.org/HAP453a George Selgin Interview on Free Banking: https://Mises.org/HAP453b Selgin's Response to Bob on Twitter: https://Mises.org/HAP453c Rothbard's Economic Controversies: https://Mises.org/HAP453d
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