1. See Chapter 1 of Brian P. Simpson, Money, Banking, and the Business Cycle, Volume 1: Integrating Theory and Practice (New York: Palgrave Macmillan, 2014) to see how this is done.
2. George Reisman, Capitalism: A Treatise on Economics (Ottawa, IL: Jameson Books, 1996), pp. 513 and 957.
3. See Larry J. Sechrest, Free Banking: Theory, History, and a Laissez-Faire Model (Auburn, AL: The Ludwig von Mises Institute, 2008), pp. 87–88;
4. Sydney G. Checkland, Scottish Banking: A History, 1695–1973 (Glasgow, Scotland: Collins, 1975), pp. 184–186 and 222;
5. Jesús Huerta de Soto, Money, Bank Credit, and Economic Cycles, translated by Melinda A. Stroup (Auburn, AL: Ludwig von Mises Institute, 2006), pp. 43–44;