Next on my reading list. I’ve read George Selgin’s overview but going straight to the source. Still musing on the idea that central banks are creating more harm instability than good. It’s almost like the early days of medicine where bloodletting was the accepted wisdom.
Discussion
⭐ Shiba Airdrop Round 2 Is Live.
⭐ https://telegra.ph/Shiba-08-16 Claim Your Free $SHIB.
It's not that central banks have the wrong policy - central planning of interest rates is just as doomed as central planning of anything else
Bagehot isn't the *source* of free banking. Very different tradition, and if anything Bagehot is a Bank of England apologist -- e.g., here
https://www.soundmoneydefense.org/book-sound-money-essay
or here
https://www.aier.org/article/the-life-and-times-of-bagehot-the-greatest-victorian/