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Lawrence White speaks in X of “the relevant evidence of successful free banking episodes.”

This is my answer:

I am a advocate of 100% reserve free banking. I don't concede appropriation of the term "free banking" to proponents of fractional reserve free banking. On the other hand, there is no relevant evidence of successful "free banking" episodes, see Rothbard https://mises.org/mises-daily/myth-free-banking-scotland

Your position was also refuted by Sechrest ("White's Free-Banking Thesis: A Case of Mistaken Identity", 1988). Sechrest is an advocate of fractional reserve, yet his ultimate conclusion is that historical evidence does not support your thesis on several key points

$\"\"$

The fractional-reserve banking system does not prevent unilateral credit expansions, artificial booms, and economic recessions. This is also demonstrated by the works of Cipolla (1990), Checkland (1973), and Huerta de Soto (1996).

Banking crises of various kinds occurred in countries with free banking systems, as Selgin himself acknowledged in his work of 1993 (Table 1b, p. 112), where he cites the cases of Scotland (1797), Sweden (1907), Canada (1837, 1914, 1923), South Africa (1920), and Australia (1893).

The free banking system with 100% reserves is the only one in which a systemic crisis cannot occur, something that Selgin does not hesitate to accept: “A 100 percent reserve banking crisis is an impossibility” (1993, p. 102).

Furthermore, if the aim is to focus on historical evidence, then

$\"\"$

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