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INSTITUTIONAL REQUIREMENTS FOR STABLE FREE BANKING     FREE BANKING  circulating bank notes       font style='font-size:12px;'> 2008/12/5
If bankers are restrained from issuing any circulating bank notes, or notes payable to the bearer for less than a certain sum; and ifthey are subjected to the obligation of an immediate and uncondit...
One objective of this paper is to explain the automatic stabilizing mechanisms inherent in a free banking system. Starting from an initial primitive state of society, I will suggest how a banking sy...
What is commonly called “money” can be held in either of two forms. There are deposits, from which payments can be made by check, and currency or hand-to-hand money. Even though the total demand fo...
Is FREE BANKING MORE PRONE TO BANK FAILURES THAN REGULATED BANKING?     FREE BANKING  BANK FAILURES  banking system       font style='font-size:12px;'> 2008/11/19
Bankers, economists, and regulators generally accept that banks are special and that bank runs or failures are costly to the economy; banking stability is therefore afforded the utmost importance. T...
After having all but forgotten free banking for decades, in the last 25 years economists have rediscovered its history, updated its theory, and explored its relevance to the spread of electronic mon...

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