A few posts ago I briefly mentioned the history of free banking in India and how it ended. Here is an old online book that discusses banking in the free banking period, though it focuses on the three largest banks, known as the presidency banks, and has…
Previously, I wrote how many Indian nationals were opting out of the national paper currency and voting with their feet as it were in favor of physical gold–even in numbers far greater than usual for wedding gifts, etc. The situation started as a result of economic and…
Today, the Federal Reserve will start circulating the new $100 Federal Reserve Note. While this development isn't quite the currency competition we here at freebanking.org promote, it does provide a timely excuse to bring up some of our issues. Because the US currency notes are an internationally-recognized…
My review of Frank Prochaska's The Memoirs of Walter Bagehot.. (If the page is gated try a google search.) Other Freebanking.org posts concerning Bagehot are here, here, and here.
Bitcoin values plunged and then mostly recovered today after the U.S. government closed the Silk Road Web site, where Bitcoin had been used for trading in illegal products. Those who know little about Edwin Walter Kemmerer (1875-1945), in Brad's post below, should be aware that although he…