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monetary systems

Scottish Free Banking Note
Economic History, Free Banking

What You Should Know About Free Banking History

Larry White/April 28, 2015June 19, 2022

This is a revised excerpt from White (2015), and the first item in our "What You Should Know" series offering essential background information on various alternative money themes. Historical monetary systems that are properly classified as free banking systems, in Kevin Dowd’s (1992, p. 2) words, have…

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