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.
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.”