On 21 May, the IEA is hosting an Occasional Lecture: "How Parliament wrecked, and is still wrecking, the world's best currency system." In light of the ongoing debate concerning Scottish independence, it is instructive to consider the history of Parliament's influence upon Scottish monetary arrangements. George Selgin, Professor of Economics at the University of Georgia, will discuss how Parliament removed Scottish banks' note-issuing privileges, undermining its once-celebrated system. Full details here.
