Ep. 440 Ian Deters Studies Free Banking with a Computer Simulation

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.