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Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

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“Property Rights Approach to Free Banking, A”

Steven G. Horwitz

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Publication Information

Journal des Economistes et des Etudes Humaines, 5 (4), December 1994, pp. 505-519.

Updated 7/20/2005

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Ludwig von Mises: "There have always been men who voluntarily renounced many pleasures and satisfactions in order to do what they considered right and moral. Men have preferred martyrdom to the renunciation of what they believed to be true. They have chosen poverty and exile because they wanted to be free in the search for truth and wisdom. All that is noblest in the progress of civilization, welfare, and enlightenment has been the achievement of such men, who braved every danger and defied the tyranny of powerful kings and fanatical masses." - Omnipotent Government