Free Banking
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Where Have All the Coins Gone?
“We should acknowledge the weaknesses of our current system and make improvements if possible. At a minimum, that means scrapping the penny. More fundamental reforms, like permitting competition in coinage, would be better still.” ~ William J. Luther
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With Argentina in Default, Economists Call for Good Faith Negotiations
“Argentina’s economic troubles are self-imposed. They are not the fault of its creditors, who just want to be repaid as promised. Any good-faith solution to Argentina’s problems must start by recognizing the real problem: large fiscal deficits.” ~ Nicholas Cachanosky
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Banking the Unbanked: Lessons from the Developing World
Access to financial services, or “financial inclusion,” has long been recognized as a critical step towards escaping poverty. Having a bank account enables people to protect their savings, diversify risk, lower […]
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Breaking the Banks: Central Banking Problems and Free Banking Solutions
Economic Education Bulletin Vol. XXX, no. 6 | April, 1990 by Richard Salsman
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Towards Lawful Money
Discretionary central banking has had its day. It’s time to insist on lawful money.
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Big Data, Monetary Calculation, and Monetary Authorities
The knowledge required to maintain monetary equilibrium is tacit and dispersed. No centralized monetary system, no matter how smart or well-intentioned its leaders, has access to that knowledge.
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Is There Something Public About Banking?
A purely private banking system is impossible today. It is worth considering for tomorrow.
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Suppression of State Banknotes
There were many problems with the state bank era. But that does not mean the suppression of state banknotes improved matters.
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Knowledge Problem in Central Banking – Part II
The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge. To sum up, information is […]
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“Roads to Sound Money” Book Release
The Sound Money Project of the Atlas Network is proud to announce the release of its newest publication, Roads to Sound Money. Please join the Atlas Network for the launch […]
