cover image: The experience of free banking S EE FR R BA

20.500.12592/tx96308

The experience of free banking S EE FR R BA

16 Nov 2023

Professor Kevin Dowd, By the mid 20th century, all that remained in Professor of Finance and the collective folk memory of even the better Economics, shares… American monetary and banking specialists was that free banking had somehow ‘failed’ because of the nefarious activities of ‘wildcat bankers’ who issued notes that could only be redeemed ‘where the wildcats roam’, and no-one wanted to meet wi. [...] S Hint: it’s not a contract with your Free banking systems The new edition of The bank in which your bank provides produced stable prices, Experience of Free Banking banking services for free. [...] I know of others), Colombia, France, Ireland, hadn’t heard of it myself until I was a PhD student Italy, Peru, Scotland, Sweden, Switzerland and studying monetary economics, when I stumbled the United States in the period from the mid across it one evening in the University of Toronto 1830s to the outbreak of the Civil War in 1861. [...] the central bank] what it should do, but you shouldn’t have such a monopoly in the first place!” David was dismissive: “It’s just a case of the monopoly of the monetary base,” he said. [...] A history of governments like to have a pet bank that free banking from the side that lost the can give them cheap loans or print money war but had the right arguments.
Pages
2
Published in
United Kingdom