https://www.youtube-nocookie.com/embed/FyYXMkpASwo?si=HRwb88vSeyKaZjFC
Further reading:
The Mystery of Banking by Murray N. Rothbard
Understanding Money Mechanics by Robert P. Murphy
Banking by David Howden
Bank Regulation and Deposit Insurance by J. Huston McCulloch
Banking without Tax-Backed Deposit Insurance by J. Huston McCulloch
Government Deposit Insurance and the Diamond-Dybvig Model by J. Huston McCulloch
Private Money and Reserve Management in a Random‐Matching Model by Ricardo de O. Cavalcanti, Andres Erosa & Ted Temzelides
Private and Public Circulating Liabilities by Costas Azariadis, James Bullard & Bruce D. Smith
On the inherent instability of private money by Daniel Sanches
Beyond the Central Bank: A Formal Approach to Free Banking Theory by Alejo Hubble
Fragile by Design: The Political Origins of Banking Crises and Scarce Credit by Charles W. Calomiris & Stephen H. Haber
Fatalistically Flawed: A Review Essay on Fragile by Design, by Charles W. Calomiris and Stephen H. Haber by George Selgin
For more on full vs fractional-reserve banking, see here.
