Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking. The episode also includes George’s background and thoughts on Bitcoin.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode
- George’s monograph Praxeology and Understanding
- Mises’ book Theory and History
- Bob’s review of MMT
- George and Bob debate at the Soho Forum
- George’s article (co-authored with Larry White) defending fractional reserve free banking. Bob’s recent QJAE contribution to the debate.
- George’s articles at Alt-M on Canadian free banking, and 3 devoted to Scotland: one, two, and three.
- George’s interview on crytopcurrency.
For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.
The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org