In the internet boom of the 1990s, there was a rush of new alternative payment systems or currencies (Paypal being the most successful). Forbes even ran a great cover story on this issue Politics for the Really Cool. For whatever combination of reasons (the tech being too…
Happy days are, make that, stagflation is here again. So says Ronald McKinnon in a Wall Street Journal column. Stagflation was memorialized by the 1970s experience of high inflation and economic stagnation. The Stanford professor says it's rearing its ugly head again. He lays out the cause:…
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…
Welcome everyone to the free banking blog. I'm very excited about the stellar cast we have, and I hope this space will become a clearing house for information from different scholars and groups. In addition, as it grows, this page should become a great resource of information….
My hope for this blog is that it will help answer several questions about free banking and related topics, namely: What's old: What have we known for a while? What's new: What have we recently found? What's left: What do we still need to discover? How do…