Browsing by Author "Goodspeed, Tyler Beck"
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Upon Daedalian Wings of Paper Money: Adam Smith, Free Banking, and the Financial Crisis of 1772
Goodspeed, Tyler Beck (2014-06-06)From 1716 to 1845, the Scottish financial system functioned with no official central bank or lender of last resort, no public (or private) monopoly on currency issuance, no legal reserve requirements, and no formal limits ...