Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking.
George A. Selgin
George Selgin is a Senior Fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute. Formerly a professor at the University of Georgia, he has discovered the monetary equivalent of the lost city of Atlantis. He has written a full-scale historical narrative — one that is deeply interesting and engaging — that has been largely unknown, even to scholars of the Industrial Revolution. Send him mail.