Breaking The Banks:

Central Banking Problems And Free Banking Solutions

Would you entrust your hard-earned savings to a confidence racket? Whether you know it or not, you may already have done so.

The U.S. banking system, which was built on the Government's promises of "safety" for all depositors, is beginning to look more and more like a giant scam. The half-trillion dollar S and L debacle already ranks as the largest financial scandal in human history and may end up costing each of us taxpayers thousands of dollars.

For many years, we have warned that Government policy has confounded sound banking practice, and that new Government measures to "protect" us could make things even worse.

This authoritative book, Breaking the Banks: Central Banking Problems and Free Banking Solutions, tells you why the banking crisis developed and what can be done about it. Did you know that: the present banking system actually invites fraud and incompetence; the safety performance of U.S. banks during the least-regulated period in our history was superior to that of virtually any bank or thrift institution operating today; a chief beneficiary of banking regulation has been not the public, but the Government itself?

Central banking has failed to improve upon what Nobel economist Friedrich Hayek called "the spontaneous social order" of free banking, a failure that can be seen as a special case of the general failure of central economic planning. More precisely, it is the difference between private planning based on economic profit and bureaucratic planning based on political expediency. The money and banking system is too important to our freedom and our economic prosperity to be left to political manipulation. The system should be placed on an objective foundation of free-market principles and removed from the subjective quicksands of political manipulation. It should be governed by the rule of law and contract, not by the arbitrary rule of men. We know this has been the most useful approach in every other branch of industry. It is time to discover it in money and banking. Free banking offers an exciting, innovative, and prudent alternative to the central banking system that has destroyed sound money and sound banking.

Excerpted from Breaking the Banks

Breaking the Banks demonstrates that there are compelling civic as well as personal reasons to restore free banking in the United States, and we believe that it belongs in the library of every concerned citizen.

 


[x] Home

[x] About Us
[x] Introduction

[x] Trustees

[x] Trust History

[x] Law 501

[x] P. T. C.

[x] Stay Healthy

[x] Book Store

Types of Trusts

[x] Revocable

[x] Business

[x] Real Estate

[x] Children's

[x] Investment

[x] Insurance

[x] Private Fdtn.

[x] Special Needs

[x] Medical Ser.

[x] Family Fdtn.


Office Pics


House #1


House #2