Free Banking and Monetary Reform (English, David Glasner)

Product description Review 'For nearly a century, monetary theorists have been searching for their Holy Grail: a way to figure just the right amount of money to keep the economy on an even keel. Now two more pilgrim-scholars, David Glasner, an economist at the Federal Trade Commission, and Earl Thompson, a professor at the University of California at Los Angeles, are hot on the trail. It is too early to say whether their clever variation on a long forgotten proposal of the great pre-Keynesian economist, Irving Fisher, will stand up to critical scrutiny. But the idea, described in...readable detail in Mr. Glasner's new book, Free Banking and Monetary Reform should intrigue anyone who thinks that even the Federal Reserve Board can make mistakes.' Peter Passell, The New York Times'Glasner provides an excellent review of monetary history, insightful discussions of such monetary innovations as the development of the Eurocurrency market and money market mutual funds, and incisive analyses of recent monetary problems like the deregulation of savings and loan associations and the insurance of bank deposits. This timely and lucid book on such a controversial issue deserves a wide audience.' Choice' … important new book …' Lawrence H. White, Journal of Monetary Economics Book Description This book boldly challenges the conventional view that the state must play a dominant role in the monetary system.