Front Page Titles (by Subject) Publisher's Note - The Rationale of Central Banking and the Free Banking Alternative
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Publisher’s Note - Vera C. Smith, The Rationale of Central Banking and the Free Banking Alternative 
The Rationale of Central Banking and the Free Banking Alternative, Foreword by Leland Yeager (Indianapolis: Liberty Fund, 1990).
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This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
The publisher would like to thank Mrs. Brenda K. Fowler and Mr. A. Wilson-Smith for their help in bringing their sister’s book back into print. Their assistance has been invaluable.
The Rationale of Central Banking was originally published in 1936 by P. S. King and Son in London. We have added the subtitle and the Free Banking Alternative to more adequately reflect the breadth and spirit of the work.
For this LibertyPress edition, we have newly set the type. Obvious spelling errors have been silently corrected. Footnotes are now numbered consecutively within each chapter. Otherwise, the text and the footnotes have been retained and styled as they were in the original. The bibliography, however, has been significantly enhanced. Citations in the original edition included only last name, title, and year. We have provided full bibliographic information. For their assistance in providing this information on American, English, French, German, and Italian titles, we would like to thank the following scholars: Professor Lawrence White of the University of Georgia, Professor Philippe Nataf of the University of Paris, and Dr. Reinhold Veit and Mrs. Wendula v. Klinckowstroem of the Walter Eucken Institut. A new, full index has been prepared for this edition.