December 1, 1991

Free Banking in Scotland

Reply to a Dissenting View
  • Lawrence H. White

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
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The author appreciates Larry J. Sechrest's critical attention to the historical record of free banking in Scotland, and to White's 1984 book in particular. Sechrest has identified some issues that bear further study. However, many of his statements confuse rather than clarify matters.

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