Banks in a free banking system can do everything central banks/governments do in the monetary system except contribute to crises, which government agencies are particularly good at doing.

causalpending

Speaker

George Selgin

Evidence Quote

the banks can do everything that the government does now accept accept contribute to crises which is something that government agencies are particularly good at doing

Source

George Selgin on Free Banking 11/17/2008EconTalk
Created: 6/15/2026, 9:20:23 AM

My Notes

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