Ep. 440 Ian Deters Studies Free Banking with a Computer Simulation
Update: 2025-08-31
Description
Mathematician Ian Deters returns to the podcast to summarize the results of his computer simulations of a simple model of "free banking," as guided by Bob's instructions. His report has some good news and bad news for Bob.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- The website of Ian Deters, including contact info. Ian Deters' appearance on the BMS ep. 287 defending the use of infinite sets in higher mathematics.
- Bob's recent Human Action podcast episode explaining the Rothbardian view of free banking (and the in-built limits to credit expansion).
- The Selgin-White 1994 JEL article laying out their model of free banking.
- Bob's QJAE article critical of the Selgin-White approach to free banking.
- Help support the Bob Murphy Show.
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