Schools that argued over bank notes, gold and the control of credit in the early nineteenth century, including the currency school, the banking school and the free banking school. A school belongs here when its cited article places it in the nineteenth-century debate on money and banking. The group brings together the entries filed under the heading Nineteenth-Century Monetary and Banking Debates, so a reader can compare them and move from one to another within the same part of the economic field.
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Nineteenth-Century Monetary and Banking Debates
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British Currency School (Wikipedia)
Has Member: Currency School, LeadQuote, Has Member: Currency School, Lead
The British Currency School was a group of British economists, active in the 1840s and 1850s, who argued that the excessive issuing of banknotes was a major cause of price inflation.
Uneasy Money (David Glasner): What Is Free Banking All About?
Uneasy Money (David Glasner)Has Member: Free Banking School, Body
Historically, idea of free banking meant that private banks should be allowed to issue bank notes of their own (with the issuing bank clearly identified) without unreasonable regulations, restrictions or burdens not generally applied to other institutions.
Has Member: Banking School, Body
Taking the Smithian position, the Banking School argued that there were market mechanisms by which any excess liabilities created by the banking system would automatically be returned to the banking system, the law of reflux.
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