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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...
AUTOMATIC STABILIZING MECHANISMS UNDER FREE BANKING
AUTOMATIC STABILIZING MECHANISMS FREE BANKING monetary system
2008/12/4
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...
ACCOMMODATING CHANGES IN TFIE RELATIVE DEMAND FOR CURRENCY：FREE BANKING VS. CENTRAL BANKING
TFIE RELATIVE DEMAND CENTRAL BANKING FREE BANKING
2008/12/4
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
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...
NOTE ISSUE BY BANKS：A STEP TOWARD FREE BANKING IN THE UNITED STATES?
NOTE ISSUE THE UNITED STATES FREE BANKING
2008/11/12
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...