Money and Banking

The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance, 

In the last twenty years, continual financial innovation has led to the increased use of MMMFs as a substitute for checkable deposits.  While many technical considerations suggest that it

No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system. 

During the late nineteenth century, when silver agitation threatened the gold standard in the United States, gold bonds offered investors some protection from the uncertainties concerning the monetary standard in the United States.

Selgin (2009) offers a challenge to 100 percent reserve banking by noting that small change would be unprofitable with 100 percent reserve money.

What defines a "good society" and how can we use finance to achieve it? Robert Shiller takes the former question as settled, and dedicates his new book Finance and the Good Society

The article by Jörg Guido Hülsmann, “Free Banking and the Free Bankers,” is an important contribution to a proper understanding of free-banking systems. He is perfectly correct in blaming some advocates of free banking who support arguments which are irrelevant or wrong,

The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.

Between 1830 and 1903, Sweden experienced one of the longest and most successful free-banking periods in history. During this period, private note issuing banks were allowed and prospered.