Commercial crises and free banking by Charles Coquelin (1848)

“Without credit, no commerce—without commerce, no labor. Let us seek, then, to build up that credit, which, unfortunately, has never been much extended in France. To effect this, neither great efforts, nor eccentric measures (that would certainly fail in effect) are necessary. There is but one thing requisite—liberty. Not the deceptive liberty that it is pretended we enjoy, but a true liberty that has no accounts to settle with monopoly.”

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