Free Banking in Scotland

Reply to a Dissenting View

Originally published in Cato Journal

The author appreciates Larry J. Sechrest's critical attention to the historical record of free banking in Scotland, and to White's 1984 book in particular. Sechrest has identified some issues that bear further study. However, many of his statements confuse rather than clarify matters.

The author appreciates Larry J. Sechrest's critical attention to the historical record of free banking in Scotland, and to White's 1984 book in particular. Sechrest has identified some issues that bear further study. However, many of his statements confuse rather than clarify matters.

Read this article at Cato.org.

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