March 15, 2010
Free Banking for $0

I have an extra copy of Larry Sechrest's Free Banking: Theory, History, and a Laissez-Faire Model that I'll mail to the first person who claims it. Here's a $0 PDF.

Update: The book has been claimed and my estimate of the probability that markets are generally efficient has been revised upward.

Posted by Art Carden at 02:44 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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