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What Kinds of Monetary Institutions Would a Free Market Deliver?
Originally published in Cato Journal
At least since Adam Smith’s Wealth ofNations (1776), economists have periodically debated the consequences of applying the principle of laissez faire to money. For the first time since the 1840s a significant number of leading theoretical economists are among the proponents of monetary laissez faire.
At least since Adam Smith’s Wealth ofNations (1776), economists have periodically debated the consequences of applying the principle of laissez faire to money. For the first time since the 1840s a significant number of leading theoretical economists are among the proponents of monetary laissez faire.
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