Free Banking Theory History And A Laissez Faire Model
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Free Banking Theory History And A Laissez Faire Model
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Author : Larry J. Sechrest
language : en
Publisher: Ludwig von Mises Institute
Release Date : 2008
Free Banking Theory History And A Laissez Faire Model written by Larry J. Sechrest and has been published by Ludwig von Mises Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Free banking categories.
Free Banking
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Author : Larry J. Sechrest
language : en
Publisher: Praeger
Release Date : 1993-07-30
Free Banking written by Larry J. Sechrest and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-07-30 with Business & Economics categories.
Free banking is a term that refers to the total deregulation of the banking industry. It signifies an absence of such constraints as reserve requirements, capital requirements, government deposit insurance, and limitations on branching. Above all, it means that private banks would be allowed to issue their own currency. This book takes a fresh approach to that controversial topic. Sechrest proposes that free banking constitutes the final vindication of Say's Law, that the optimal monetary goal, monetary equilibrium, can only be achieved under free banking, that the monetarist and Austrian business cycle theories are complementary, and that the most likely form of free banking will be that in which banks issue specie-convertible notes and hold fractional reserves. After defining free banking the author explains why he adopts the well known White-Selgin model. He then discusses the key characteristics of laissez-faire banks, which form the basis for a formal model, complete with graphs, which may be used in the classroom. The unique relationship between the market for money and the market for time that exists under free banking suggests that business cycles will be minimized under such a regime. That relationship also leads to the insight that the Austrian and monetarist cycle theories are really two sides of the same coin. New evidence is presented that leads the author to the conclusion that both Lawrence White's portrayal of Scottish free banking and the traditional image of American free banking are exaggerated. Three different basic models of free banking are then reviewed in detail and critiqued. Finally, the author suggests both some possible topics for future research and that free banking is desirable socially and politically as well as economically.
Laissez Faire Banking
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Author : Kevin Dowd
language : en
Publisher: Routledge
Release Date : 1993-03-11
Laissez Faire Banking written by Kevin Dowd and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-03-11 with Business & Economics categories.
The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the Government has to protect the value of the currency. Against this free banking sets an argument which is in essence very simple: if markets are generally better at allocating resources than governments, then what is different about money and the industry that provides it and why? "Laissez-Faire Banking" is divided into three inter-related sections, dealing with the theory of free banking, historical experiences of it and present-day monetary and banking reforms based on free banking principles.
The Theory Of Free Banking
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Author : George A. Selgin
language : en
Publisher: Rowman & Littlefield Publishers
Release Date : 1988
The Theory Of Free Banking written by George A. Selgin and has been published by Rowman & Littlefield Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.
Three Essays In Monetary Theory
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Author : Ludwig van den Hauwe
language : en
Publisher: BoD – Books on Demand
Release Date : 2009
Three Essays In Monetary Theory written by Ludwig van den Hauwe and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Bank Deregulation Monetary Order
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Author : George Selgin
language : en
Publisher: Routledge
Release Date : 2002-03-11
Bank Deregulation Monetary Order written by George Selgin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-11 with Business & Economics categories.
Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it to be the main source of monetary crisis. The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated banking system. * Part II draws on both theory and historical experience to show how various kinds of government interference undermine the inherent efficiency, safety, and stability of a free monetary system. * Part III completes the argument by addressing the popular misconception that a monetary system is unsound unless it delivers a stable output price-level.
Competition And Finance
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Author : Kevin Dowd
language : en
Publisher: Springer
Release Date : 1996-09-04
Competition And Finance written by Kevin Dowd and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-09-04 with Business & Economics categories.
Competition and Finance offers a new, unified treatment of the fields of financial and monetary economics. The first part integrates recent developments in agency theory and information economics into a unified financial theory of the firm. A review of recent developments in the economics of banking and then monetary economics leads to a conclusion assessing present-day systems of central banking and proposing financial and monetary reform.
Money Banking And The Business Cycle
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Author : B. Simpson
language : en
Publisher: Springer
Release Date : 2014-07-02
Money Banking And The Business Cycle written by B. Simpson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-02 with Political Science categories.
The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.
Reassessing The Presidency
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Author : David Gordon
language : en
Publisher: Ludwig von Mises Institute
Release Date : 2013-09-19
Reassessing The Presidency written by David Gordon and has been published by Ludwig von Mises Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-19 with categories.
American Despots
Amazing low sale price in defense of authentic freedom as versus the presidency that betrayed it!
Everyone seems to agree that brutal dictators and despotic rulers deserve scorn and worse. But why have historians been so willing to overlook the despotic actions of the United States' own presidents? You can scour libraries from one end to the other and encounter precious few criticisms of America's worst despots.
The founders imagined that the president would be a collegial leader with precious little power who constantly faced the threat of impeachment. Today, however, the president orders thousands of young men and women to danger and death in foreign lands, rubber stamps regulations that throw enterprises into upheaval, controls the composition of the powerful Federal Reserve, and manages the priorities millions of swarms of bureaucrats that vex the citizenry in every way.
It is not too much of a stretch to say that the president embodies the Leviathan state as we know it. Or, more precisely, it is not an individual president so much as the very institution of the presidency that has been the major impediment of liberty. The presidency as the founders imagined it has been displaced by democratically ratified serial despotism. And, for that reason, it must be stopped.
Every American president seems to strive to make the historians' A-list by doing big and dramatic things—wars, occupations, massive programs, tyrannies large and small—in hopes of being considered among the "greats" such as Lincoln, Wilson, and FDR. They always imagine themselves as honored by future generations: the worse their crimes, the more the accolades.
Well, the free ride ends with Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom, edited by John Denson.
This remarkable volume (825 pages including index and bibliography) is the first full-scale revision of the official history of the U.S. executive state. It traces the progression of power exercised by American presidents from the early American Republic up to the eventual reality of the power-hungry Caesars which later appear as president in American history. Contributors examine the usual judgments of the historical profession to show the ugly side of supposed presidential greatness. 
The mission inherent in this undertaking is to determine how the presidency degenerated into the office of American Caesar. Did the character of the man who held the office corrupt it, or did the power of the office, as it evolved, corrupt the man? Or was it a combination of the two? Was there too much latent power in the original creation of the office as the Anti-Federalists claimed? Or was the power externally created and added to the position by corrupt or misguided men?
There's never been a better guide to everything awful about American presidents. No, you won't get the civics text approach of see no evil. Essay after essay details depredations that will shock you, and wonder how American liberty could have ever survived in light of the rule of these people.
Contributors include George Bittlingmayer, John V. Denson, Marshall L. DeRosa, Thomas J. DiLorenzo, Lowell Gallaway, Richard M. Gamble, David Gordon, Paul Gottfried, Randall G. Holcombe, Hans-Hermann Hoppe, Jeffrey Rogers Hummel, Michael Levin, Yuri N. Maltsev, William Marina, Ralph Raico, Joseph Salerno, Barry Simpson, Joseph Stromberg, H. Arthur Scott Trask, Richard Vedder, and Clyde Wilson.
The End Of Money And The Future Of Civilization
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Author : Thomas Greco
language : en
Publisher: Chelsea Green Publishing
Release Date : 2009-06-04
The End Of Money And The Future Of Civilization written by Thomas Greco and has been published by Chelsea Green Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-04 with Business & Economics categories.
Like the proverbial fish who doesn’t know what water is, we swim in an economy built on money that few of us comprehend, and, most definitely, what we don’t know is hurting us. Very few people realize that the nature of money has changed profoundly over the past three centuries, or—as has been clear with the latest global financial crisis—the extent to which it has become a political instrument used to centralize power, concentrate wealth, and subvert popular government. On top of that, the economic growth imperative inherent in the present global monetary system is a main driver of global warming and other environmental crises. The End of Money and the Future of Civilization demystifies the subjects of money, banking, and finance by tracing historical landmarks and important evolutionary shifts that have changed the essential nature of money. Greco’s masterful work lays out the problems and then looks to the future for a next stage in money’s evolution that can liberate us as individuals and communities from the current grip of centralized and politicized money power. Greco provides specific design proposals and exchange-system architectures for local, regional, national, and global financial systems. He offers strategies for their implementation and outlines actions grassroots organizations, businesses, and governments will need to take to achieve success. Ultimately, The End of Money and the Future of Civilization provides the necessary understanding— for entrepreneurs, activists, and civic leaders—to implement approaches toward monetary liberation. These approaches would empower communities, preserve democratic institutions, and begin to build economies that are sustainable, democratic, and insulated from the financial crises that plague the dominant monetary system.