Ep. 529 The Walls Are Contracting on George Selgin's Credit
About this episode
Bob argues that George Selgin has conceded the argument regarding fractional reserve banking causing a mismatch in savings and loans.
Taking a recent Twitter exchange as a springboard, Bob argues that George Selgin has unwittingly conceded the entire argument they had at the SoHo Forum: namely, fractional reserve banking by its very essence causes a mismatch between the community's saving and the funds made available for loans via the banks.
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