Larry Summers had op-eds in the Financial Times and the Washington Post this week with essentially the same message. (Well played, Larry: apparently the Post’s editors do not read the Financial Times. It would not hurt them to start.) In both, he used the line, “Government has…
Presented at the Cato Institute Annual Monetary Conference, 16 November 2011 Suppose for the sake of argument that we all agree to the following proposition: If we could change the monetary regime with zero switching cost, merely by snapping our fingers, we would prefer the US to…
For a couple of my books, actually, which have recently become available in new editions. Good old Liberty Fund has made a Kindle version of The Theory of Free Banking, which you can download for free from its Online Library of Liberty. And my pals at the…
Brad asked about the free banking book classics. What I had already planned to write, below, partly answers his question. Current thinking about free banking began with Friedrich Hayek’s 1976 pamphlet Denationalisation of Money (link is to an expanded version first issued in 1978 and reprinted in…