Description: This book boldly challenges the conventional view that the state must play a dominant role in the monetary system.
Review Quotes: "For nearly a century, monetary theorists have been searching for their Holy Grail: a way to figure just the right amount of money to keep the economy on an even keel. Now two more pilgrim-scholars, David Glasner, an economist at the Federal Trade Commission, and Earl Thompson, a professor at the University of California at Los Angeles, are hot on the trail. It is too early to say whether their clever variation on a long forgotten proposal of the great pre-Keynsian economist, Irving Fisher, will stand up to critical scrutiny. But the idea, described in...readable detail in Mr. Glasner's new book, Free Banking and Monetary Reform should intrigue anyone who thinks that even the Federal Reserve Board can make mistakes." Peter Passell, The New York Times