Rothbard vs. the Free Bankers

And let me just... give a bit of a background and context as why am I picking such a seemingly specific topic, almost niche.

It's because what happened, I was doing some research on this period and I remembered, you know, Rothbard wrote a book review about this and I went and dug it up And I was just blown away.

It's a 17-page book review, and it's one of the best pieces if you want to understand the Rothbardian approach to free banking and the controversies and how a Rothbardian differs from...

the modern day economists who call themselves free bankers, the primary proponents of that being Larry White and George Selgin.

And just to see all the nuances involved.

And I was just blown away.

Like I said, it's 17 pages.

It's a book review.

And yet this thing is like one of the most important articles I would tell somebody who wants to get up to speed on the controversy.

And you can see, and it's not just like, like he's got footnotes in there.

Like, oh yeah, go dig that.

I mean, there's hours of work you could go do to understand this perspective, just from this, Book review.

It's not even like, you know, a standalone article that is developing things theoretically.

It's just a book review.

All right.

Have I mentioned it was a book review? It was.

Okay.

So that's where we're coming from here.

So specifically, his review came out in 1988 in the Review of Austrian Economics.

And the book he was reviewing is Larry White's Free Banking in Britain.

All right.

And again, this...

White's book is a classic in their tradition of so-called free bankers.

So here, let me, this is a little awkward, this episode for me folks, because I know there's some people that I want to give them like the real subtleties and things involved so that they can get to the next level in their analysis of this.

But other people I realize are just kind of driving by and they just want to know what's, what's the news I can use here, Murphy.