The ongoing crisis is pushing more and more economies and economists to look at their economic and financial history. As most modern eco and finance is failing, it is time to look at history. Atleast we wont be wrong with our predictions.
Stefan Gerlach and Peter Kugler analyse Swiss banking in the period – 1851-1906. This was a period of free banking as there was no Swiss National Bank. The banks were free to issue notes and manage the monetary system by themselves:
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Utopia, you are standing in it! 
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