Free Banking

In Peter J. Boettke & Christopher J. Coyne (eds.), The Oxford Handbook of Austrian Economics. Oxford University Press USA (2015)
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Abstract

This chapter provides an overview of the issues raised by free banking. A central objective is to set out the core theory of free banking, draw out its predictions, and then compare those predictions against the abundant historical evidence from the many free banking systems of the past. The evidence is largely supportive of the predictions of free banking theory and, in particular, of its claim that an unregulated banking system would be stable. The evidence also supports the predictions made by free banking theory that government intervention weakens the financial system—often in profound and misunderstood ways—and causes many of the problems it is ostensibly meant to cure.

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Making sense of alternative currencies.Louis Larue - 2019 - Dissertation, Université Catholique de Louvain

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