Free Banking

Tuesday, October 12th, 2010
"But if the problem isn't in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency.
Wednesday, August 4th, 2010
In the battle of ideologies, the libertarian always faces certain disadvantages. The foundation is, as the name implies, liberty. Yet there is no strict use towards which “liberty” can be put. It is a somewhat amorphous idea, and context changes its meaning.
Wednesday, July 21st, 2010
"There was controversy over how much power the central bank should have and what it should try to do, but no respectable economist suggested that central banking itself was unnecessary or harmful until Hayek finally despaired of it in 1976 and began to argue that the only way to achieve monetary sta
Wednesday, July 21st, 2010
"Recent studies by Rolnick and Weber (1983, 1984) have presented evidence challenging the conventional view of the Free Banking Era (1837-1863).
Wednesday, July 21st, 2010
"The United States has experienced many periods of major banking panics during which a large number of banks have failed and financial markets have been in considerable disarray.
Wednesday, July 21st, 2010
"A traditional argument against free banking is that it will collapse because of information externalities: it is impossible for depositors to tell whether a high deposit rate offered by a bank is due to its high efficiency or risky lending strategy.
Wednesday, July 21st, 2010
"Were free banking to reemerge today, it would probably be based, not on a gold standard, but on irredeemable paper ('fiat') base money issued by a former or extant central bank.
Friday, June 25th, 2010
On Thursday, June 17, I attended a lecture by Dr. Benjamin Powell of Suffolk University. He spoke at the Charles G. Koch Foundation, giving one of his excellent lectures on Somalia and its Stateless society.
Friday, May 28th, 2010
The Future of Freedom Foundation has an in-depth history of the debate over a monetary central authority. Dr.
Wednesday, May 26th, 2010
"Zimbabwe's hyperinflation is destroying the economy, pushing more of its inhabitants into poverty and forcing millions of Zimbabweans to emigrate. Since 1997, inflation has surged by 1,030,217%, while living standards (as measured by real GDP per capita) have fallen by 35%.
Wednesday, May 26th, 2010
"Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks.
Tuesday, May 25th, 2010
"This is the true and remarkable story of private coinage and banking in Britain in the early years of the Industrial Revolution (1775-1850). Making money was a business in demand. The needs of business for small denominations were changing.
Thursday, May 6th, 2010
"The present financial crisis has set in bold relief the Jekyll and Hyde nature of contemporary central banks.
Sunday, May 2nd, 2010
On April 19, 2010, the Atlas Economic Research Foundation and the GMU Economics Society hosted a lecture by Lawrence H. White. Dr.
Wednesday, December 9th, 2009
"In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisation is universal.
Thursday, May 1st, 2008

Research Reports - 1985, Issue: 13

More Evidence

Wednesday, September 1st, 2004

Economic Bulletin

Vol. XLIV, no. 9 | September, 2004

Sunday, August 1st, 1999

Economic Bulletin

August 1999

by John H. Wood