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Banking Regulation, Economic History, Money & Politics

Wrong Lessons from Canada's Private Currency, Part 2

George Selgin/March 22, 2017June 19, 2022

(Editor's note: This is the second installment of a three-part article.) Intervention or Private Initiative? As I argued in my previous post addressing Fung et al.'s article on Canada's private banknote currency, the imperfections of that currency appear, on close inspection, far less substantial than Fung et…

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