crasch (crasch) wrote,
crasch
crasch

Kevin Dowd's Free Banking home page

http://www.shef.ac.uk/~var/free-banking/

Free banking involves a financial system with
no central bank or any other financial or
monetary regulator, and no government
intervention. It therefore allows financial
institutions to operate freely, subject only
to market forces and the rules of 'normal'
commercial and contract law. Free banking is
thus equivalent to financial laissez-faire.
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