Izabella Kaminska on Private versus Public Money

An interesting post on FT Alphaville on the history of the Bank of England in the context of private versus public money (subscription required):

Izabella Kaminska, “Private Money vs Totally-Public Money, plus Some History,” FT Alphaville, November 21, 2014.

There is also a link to my post on myth of the Scottish free banking era, and the way in which that system become oligopolistic and was dependent on the Bank of England.