BANKING ON SOCIALISM

Terry Arthur

Economic Affairs, 2008, vol. 28, issue 4, 75-76

Abstract: Terry Arthur argues that the current UK banking system represents the very opposite of a free market, and that a genuine free market, in which there is no place for a nationalised central bank, is the best solution. One of the most successful examples of such a market is the Scottish experience of the nineteenth century, destroyed only by Peel's Banking Acts of 1844–45.

Date: 2008
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https://doi.org/10.1111/j.1468-0270.2008.00860.x

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