Free Banking: Theory, History, and a Laissez-Faire Model by Larry J. Sechrest
English | July 30, 1993 | ISBN: 0899308155 | 224 Pages | PDF | 9 MB
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.