SMP: Why Free Banking?

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En Sound Money Project ofrezco un breve comentario de por qué estudiar banca libre, un sistema monetario que ya no existe.

The need for and convenience of a central bank are usually taken for granted. To say that a central bank is a good institution and, therefore, needed, is not enough. Unfortunately, the assumption that central banks are necessary seems to weigh more heavily than the facts that suggest otherwise.

Good and bad are relative terms. With respect to what then is a central bank good? Some might say to the absence of a central bank- or more specifically, to the presence of a free banking regime.

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