The Power of Independent Thinking


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Volume 6  Number 2  •  Fall 2001
Other Issues:  

Mutual Deposit Insurance: Other Lessons from the Record
By James E. Hartley
This article appeared in the Fall 2001 issue of The Independent Review

Should government bank deposit insurance be scrapped in favor of a system of bank cross-guarantees? Some proponents claim to have found successful cross-guarantees among the banks of antebellum Indiana, Ohio, and Iowa, but a closer examination suggests otherwise.