Free banking vs. central banking

“As long as money remains a tool of the state, that tool will continue to serve the state as a well-spring of income redistribution, social engineering, and military adventurism. A laissez-faire approach to money and banking is more than merely conductive to efficiency and stability. It is likely to prove to be the necessary precondition for prosperity, justice, and peace.” ~Larry Sechrest, Free Banking Theory, History, and a Laissez-Faire Model

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