The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.
Joakim Book
Joakim Book is a writer, researcher and editor on all things money, finance and financial history. He holds a masters degree from the University of Oxford and has been a visiting scholar at the American Institute for Economic Research in 2018 and 2019. His works can be found at joakimbook.com and on the blog Life of an Econ Student.
Lessons From Free Banking in Scotland
Rothbard does not refute White’s thesis that Scottish banking was less regulated and hence more stable and well-functioning than England’s banking system in the same 145-year period.
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