The Natural Law of Money
An analysis of money and banking from the free banking perspective, i.e. by privately owned banks which issue their own currency.
The Natural Law of Money: The Successive Steps in the Growth of Money traced from the Days of Barter to the Introduction of the Modern Clearing House and Monetary Principles examined in their Relation to Past and Present Legislation (New York: G.P. Putnam’s Sons, 1896).
The text is in the public domain.
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Table of Contents
- Econlib Editor's Notes
- The Natural Law of Money
- CHAPTER I.: THE BEGINNING OF MONEY.
- CHAPTER II.: BI-METALLISM AND MONO-METALLISM.
- CHAPTER III.: PAPER-MONEY AND BANKING.
- CHAPTER IV.: PAPER-MONEY IN COLONIAL TIMES.
- CHAPTER V.: THE MONETARY SYSTEM OF CANADA AS CONTRASTED WITH THAT OF THE UNITED STATES.
- CHAPTER VI.: MONEY, CAPITAL, AND INTEREST.
- CHAPTER VII.: MANDATORY MONEY AND FREE MONEY.
- CHAPTER VIII.: THE HOARDING PANIC OF JULY, 1893.