Over at The Cobden Centre, my colleague Dr Anthony J Evans sets out a summary of his proposal for banking reform, derived from work by Kevin Dowd and Richard Salsman.

He first sets out the problems of the current situation in this graphic:

He goes on to explain how to deliver a return to Free Banking.

Anthony’s proposal, though informed by many of the same ideas, differs from that of Jesus Huerta de Soto by taking a different path to a similar end point and by allowing fractional reserves. It is an important contribution to the debate.

Read more…

For a staggeringly radical and truly libertarian alternative, see Monetary Reform – The Case for Button-Pushing by Philipp Bagus. As Philipp writes, “It can serve as a standard for comparison.”

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