Among the numerous successful episodes of Free Banking, the Hong Kong episode is rarely cited as a relevant one. Not surprisingly, because the austrian economists (the free bankers) themselves seem to consider the period of free banking (1935-1964) has never been free at all. Schuler (1992, p. 39) is an illustration of that belief :
The 'Free Banking' in Hong Kong
The 'Free Banking' in Hong Kong
The 'Free Banking' in Hong Kong
Among the numerous successful episodes of Free Banking, the Hong Kong episode is rarely cited as a relevant one. Not surprisingly, because the austrian economists (the free bankers) themselves seem to consider the period of free banking (1935-1964) has never been free at all. Schuler (1992, p. 39) is an illustration of that belief :