You have here a unique academic treatise on money and banking, a book which combines erudition,
clarity of expression, economic theory, monetary theory, economic history, and an appropriate dose of
conspiracy theory. Anyone who attempts to explain the mystery of banking—a deliberately contrived mystery
in many ways—apart from all of these aspects has not done justice to the topic. But, then again, this is an area
in which justice has always been regarded as a liability. The moral account of central banking has been
overdrawn since 1694: “insufficient funds.” [footnote: P. G. M. Dickson. The Financial Revolution in
England: A Study in the Development...