REVIEW: Central Banking in a Free Society

The crisis has shown the need for privately-owned central banks, says Tim Congdon, a monetary economist, in a new book.

'Central Banking in a Free Society', a new book from the Institute of Economic Affairs, raises some fundamental issues about the management of the banking crisis by the British authorities, placing it in the context of an historical and analytical discussion of the nature of banking and central banking. This note will focus on the author's remarks on British banking policy

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