In this book, based on the 2016 Hayek Memorial Lecture, he shows how a system of private banks without a central bank can bring about financial stability through self-regulation.
The volume is divided into three sections: * Part I refutes conventional wisdom holding that any monetary system lacking government regulation is 'inherently unstable', and looks at the workings of market forces in an otherwise unregulated ...
George Selgin turns this conventional wisdom on its head.
Floored! offers a matchless account of our post-crisis monetary system's history and shortcomings.
LARGE PRINT EDITION! More at LargePrintLiberty.com. This book sets out to explain the complexity of why increased production does not that always bring with it lower prices.