KI s podporou Nadácie Tatra banky a v spolupráci s ďalšími partnermi organizovali ďalšiu - v poradí už tridsiatuprvú - z cyklu prednášok CEQLS, ktorá sa uskutočnila dňa 13. mája 2013 v Bratislave a dňa 14. mája 2013 v Košiciach. Tentoraz bol našim hosťom George Selgin, profesor ekonómie na University of Georgia (USA). Viac o prednáške nájdete na www.konzervativizmus.sk Conservative Institute organized another of the CEQLS Lectures: George Selgin, Professor of Economics at the University of Georgia, was our guest on May 13, 2013 in Bratislava and on May 14, 2013 in Košice. More information at www.institute.sk

1. PrivatizationPrivatization
of Moneyof Money

12. Silver Content of
Roman Coins

17. Regal Copper Coins:
Good Worn
Counterfeit

24. “The judicious operations of
banking, by providing, if I may
be allowed so violent a
metaphor, a sort of wagon-way
through the air, enable the
country to convert, as it were, a
great part of its highways into
good pasture and corn fields, and
thereby to increase very
considerably the annual
produce of its land and labour.”

30. RS
RD
Reserves
(MV)*
Payments
Reserve and Spending Equilibrium
under Free Banking

31. “The commerce and industry of the
country, however, it must be
acknowledged, though they may be
somewhat augmented, cannot be
altogether so secure, when they are
thus, as it were, suspended upon
the Daedalian wings of paper
money, as when they travel about
upon the solid ground of gold and
silver.”

35. An Act for granting to theire Majesties
severall Rates and Duties…for
secureing certaine Recompenses and
Advantages…to such Persons as shall
voluntarily advance the summe of
Fifteene hundred thousand pounds
towards the carrying on the Warr
against France
The Bank of England Act (1694)

38. I have tediously insisted that the
natural system of banking is that
of many banks keeping their own
cash reserve, with the penalty of
failure before them if they neglect
it. I have shown that our system is
that of a single bank keeping the
whole reserve under no effectual
penalty of failure. And yet I
propose to retain that system, and
only attempt to mend and palliate
it.

39. I can only reply that I propose to
retain this system because I am
quite sure that it is of no manner of
use proposing to alter it... You
might as well, or better, try to alter
the English monarchy and
substitute a republic, as to alter the
present constitution of the English
money market, founded on the
Bank of England, and substitute for
it a system in which each bank shall
keep its own reserve.