"Lawrence H. White deals with a major issue of the
1990s--reprivatization of money. He makes a cogent argument and
presents evidence that private, competing currencies would provide
more monetary stability than do central banks. Surprisingly enough,
modern private money may emerge first in Eastern Europe, where the
gap between the economy's need and the government's money is
greates."
--Richard Rahn, Vice President and Chief Economists, U.S. Chamber
of Commerce.
"Boldly, White makes a persuasive case for free banking....In
time, we may well look back and regard "Competition and Currency"
as crucial in the development of the economy and economic thought
of the future."
-- The New York City Tribune
"White is a leading analyst of a laissez-faire monetary system
featuring a privately issued money supply. HIs perceptive insights
force a rethinking of our present regulated monetary system and of
what kind of reforms will remedy its defects. Avery worthwhile
collection of essays for all students of monetary theory."
--Philip Cagan, Columbia University
"White is a leading analyst of a laissez-faire monetary system
featuring a privately issued money supply. HIs perceptive insights
force a rethinking of our present regulated monetary system and of
what kind of reforms will remedy its defects. A very worthwhile
collection of essays for all students of monetary theory."
--Phillip Cagan, Columbia University
"Newcomers to the literature...would be recommended to start
with White's volume, where each paper is self-contained in its
handling of particular aspects of free banking...Highly recommended
as clear, well-argued expositions of the case for free banking,
challengingassumptions common to much of monetary economics. It is
particularly apposite that these assumptions be questioned at a
time when institutional reform is so much on the agenda."
--Sheila C. Dow, The Economic Journal
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