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