As its title indicates, this book is about the experience with-as opposed to the theory of-free banking. But the opening chapters provide enough in the way of carefully thought out definitions and hints about the corresponding theory to make the accounts of the actual episodes of free banking generally understandable.
–Southern Economic Journal, January 1994
Product Description
The renewed interest in free banking has resulted in historical research of places and periods that experienced some form of laissez faire banking. The Experience of Free Banking contains the widest summary to date of this work, including assessments of free banking in Australia, the United States, Canada, China, Columbia, France, Scotland, and Switzerland. In almost every instance, these case studies invalidate the common assumption that competition in banking should be suppressed because it triggers rapid inflation and destabilizes the banking industry.
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