This book is a critique of the bank Acts of 1844-5, which established a system of centralized control over the banking system in England. Somers argues that these Acts were flawed and contributed to the financial crisis that occurred in the late 1840s. He critiques the economic theories that underpinned these Acts and challenges the assumptions that led to their implementation. Somers believes that a more flexible and decentralized banking system would be more effective and resilient.

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