Alexander Hamilton, antebellum banking, First Bank of the United States, mercantilism, ten dollar bill

(Originally appeared on Alt-M on December 30, 2015) *** In this past summer’s controversy over whether Alexander Hamilton’s image should be replaced on the $10 bill, outraged commentators made many extravagant claims on behalf of Hamilton’s wisdom in matters of money and banking policy.  For example, Ben…

free banking, 100% reserve, public banks, economic history, friday flashback

(Originally appeared as George Selgin's first-ever post in Alt-M's predecessor blog freebanking.org.) *** Free bankers have been fighting a war on two fronts.  On one they face champions of central banking and managed money.  On the other they struggle against advocates of 100-percent reserve banking.  Although the…