Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book ex

This 2005 treatment compares the central banks of Britain and the United States.

"Lawrence H. White deals with a major issue of the 1990s—reprivatization of money. He makes a cogent argument and presents evidence that private, competing cu

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Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic bank