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Federal Reserve Bank of Richmond
Econ Focus
When Banking Was 'Free'
Helen Fessenden

From 1837 until the Civil War, currency issuance and banking were left to the states. Can this era offer lessons for today's cryptocurrency boom?

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Helen Fessenden, "When Banking Was 'Free'" , Federal Reserve Bank of Richmond, Econ Focus, issue 1Q, pages 28-30, 2018.
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Keywords: economic history; civil war; cryptocurrency
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