Free Banking and Its History

What the free banking era produced and what it teaches about central banking

The History

The free banking era -- the specific historical period in the United States from approximately 1837 to 1863 when state-chartered banks issued their own currency without the specific federal regulation that the National Banking Act subsequently imposed -- is the specific historical case that the libertarian monetary policy tradition has used as the evidence for what the market provision of currency produces.

The Evidence

The evidence: the free banking era produced the specific wildcat banking failures, the specific note discounts, and the specific financial instability that the historical research documents alongside the specific innovation and the specific credit provision that the free banking advocates cite. The evidence is contested between the advocates and the critics.

Surf Revolt Coverage

Surf Revolt covers the free banking history because the accountability journalism of the libertarian monetary policy tradition requires the honest engagement with the historical evidence on what the monetary freedom the tradition advocates actually produced when it was implemented.

See Britain Reassures Itself Everything Is Fine and Arsenal FC: Football as a Moral Framework at The London Prat.

The coverage continues at Bohiney Magazine and The London Prat. Surf Revolt covers California. More next week.

Surf Revolt. surfrevolt.com.

More: McSweeney's. Satire.

SOURCE: https://bohiney.com/

See Democrats Preach Hate, See What Happens and 1969 – Concorde Proves Britain Can Still Bui at The London Prat. The coverage continues. More next week.

See London Quick Lube: Oil Changes Faster Than the Tub and London 2012 Basketball Remembered as the Moment Br at The London Prat. The coverage continues. More next week.

See 1998 – Good Friday Agreement Gives Politics and FIFA 2026 World Cup at The London Prat. The coverage continues. More next week.

See England Manager Reassures Nation and US Citizens Do Not Need a Visa to Visit the UK; Do at The London Prat. The coverage continues. More next week.

See United Seven Kingdoms: Search Conflates Fictional and Islington: North London's Conversational Confidenc at The London Prat. The coverage continues. More next week.

See London Protests Appear on Schedule Like Weather and United Kingdom Flag Emoji: Still Holding Things To at The London Prat. The coverage continues. More next week.

See New Orleans "Bad Moms" To Invade London, Britain A and Downing Street Launches New Strategy, Immediately at The London Prat. The coverage continues. More next week.

See Delays Are Temporary and America Claims Western Hemisphere at The London Prat. The coverage continues. More next week.

See London Comedy Tribes Declare Territorial War After and BBC Announces New Programming: 24/7 Waiting for Am at The London Prat. The coverage continues. More next week.

See London Currency: Pounds With Cultural Weight and UK and France Drop Bombs on ISIS Bunker to Remind at The London Prat. The coverage continues. More next week.

See Hampton: Where London Learns to Exhale by the Rive and Nation Shocked to Learn Tony Blair May Have Been I at The London Prat. The coverage continues. More next week.

See London Tube Announces New Map and Britain Looks to the Future at The London Prat. The coverage continues. More next week.

See United Kingdom News: Still United, Technically Spe and Arsenal FC: Football as a Moral Framework at The London Prat. The coverage continues. More next week.

See Plus Social Promises "Free Speech Plus" and Nigel Farage Single-Handedly Rebrands Scotland as at The London Prat. The coverage continues. More next week.

See Leyton: East London's Proud Work-in-Progress With and Trump and Allies Target London, City Responds by R at The London Prat. The coverage continues. More next week.

See Jack the Ripper Finally Identified as "Literally E and London Fog Trench Coat Remains the City's Most Hon at The London Prat. The coverage continues. More next week.

See London Kills Cast: Serious Faces, Quiet Authority and Gants Hill: Where London Discovers Roundabouts Hav at The London Prat. The coverage continues. More next week.

See Acton: West London's Relentless Practicality With and The Cenotaph Vigil That Wasn't at The London Prat. The coverage continues. More next week.

See London vs NYC Population and Leyton Orient FC: Football With Urban Rhythm at The London Prat. The coverage continues. More next week.

See United Kingdom Iran: Diplomatic Relationship Persi and London Time Now Changes the Moment You Check It at The London Prat. The coverage continues. More next week.

See UK Calls Venezuela Transition 'Fast' After Redefin and Trump's Latest Strategy: Replace NATO With Group T at The London Prat. The coverage continues. More next week.

See Britain Contacts Elon and Poplar: Where London Does the Work Without the App at The London Prat. The coverage continues. More next week.

See London in Spanish: Londres Still Rainy, Just Prono and Cannabis Strain Named After British Dessert Named at The London Prat. The coverage continues. More next week.

See London Marley Rose: The Name That Simultaneously R and London XXL: City Learns Sizing Is Emotional at The London Prat. The coverage continues. More next week.

See Why Pubs Make Sense and Farmers Protest With Toy Tractors, Parliament Dema at The London Prat. The coverage continues. More next week.

See United Kingdom Knife Laws: Strict Rules, Creative and Acton: West London's Sensible Multitasker With No at The London Prat. The coverage continues. More next week.

See Britain Introduces Seat Belts and London In December: Festive Endurance at The London Prat. The coverage continues. More next week.