Lawrence H White
George Mason University
Abstract:
Today, financial crises, recessions, unemployment, sovereign dept, and social instability are being blamed on free-market capitalism. The financial sector is under special attack. The irony, however, is that banking is one of the most centrally planned and regulated sectors of modern economies.
What is required to create more macroeconomic stability: more central control or less? Most people take it for granted that money and banking must be regulated by national governments and a central bank, but it has not always been so. Lawrence White will discuss the theory and history of laissez-faire banking. He will compare the records of free-banking and central banking and comment on what lessons these records can teach us today.
Date: January 12, 2012
Time: 03:30 P.M.
Venue:
Centre for Civil Society,
A-69 Hauz Khas,
New Delhi-110016(INDIA)
Location:
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