Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Saturday, 8 December 2018
Banking in the North East of England 200 years ago.
This is an interesting work: especially for me since I live in the area. I’ve only dipped into it and skimmed thru a few pages, but there are plenty of stories about “enterprising” bank related activities in the area long ago, some more honest than others. There are stories about coin clipping, highway robberies, forged bank notes, bank raids and so on, all of which took place on streets and in localities I know well. This makes the Wild West look positively tame.
This work is available here for free. Hat tip to my friend Gerard who lives in Newcastle and supports full reserve banking / Sovereign Money, and who alerted me to this work.
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