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George Selgin is a senior fellow at the Cato Institute. He is an expert on banking, monetary policy, and macroeconomics. Selgin is author of Bank Deregulation and Monetary Order; Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage; Less Than Zero: The Case for a Falling Price Level in a Growing Economy; and The Theory of Free Banking: Money Supply under Competitive Note Issue.

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Central Banks as Sources of Financial Instability

The Independent Review. Vol. 14. No. 10. Spring 2010.