InFi: The Future of Finance

Dr. Robert P. Murphy

130 episodes

EP 32

George Selgin Defends the View of Banks as Credit Intermediaries

It has become popular among economists and policy wonks to dismiss the notion of banks as credit intermediaries as obsolete. After all, the practice of "fractional reserve banking" means that banks can effectively "create money out of thin air" when they make a new loan. Economist George Selgin discusses his new working paper that defends the traditional view. Relevant Links: https://www.infineo.ai/articles/parsing-george-selgins-debate-on-credit-intermediation https://www.cato.org/working-paper/banks-are-intermediaries-loanable-funds https://www.bankofengland.co.uk/working-paper/2018/banks-are-not-intermediaries-of-loanable-funds-facts-theory-and-evidence https://www.youtube.com/watch?v=UDLCa7maGZA

About the Show

Where economics meets innovation

Hosted by Dr. Robert P. Murphy — American economist, author, and Chief Economist at infineo — InFi explores emerging trends in finance, life insurance, asset management, and technology.

Each week, tune in for dynamic discussions with business pioneers about the forces shaping modern finance. New episodes drop every Thursday.

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