Sunday, December 04, 2005

The Massachusetts Land Bank of 1740

The major new section in William B. Greene's 1857 Radical Deficiency of the Existing Circulating Medium is the section on "The Provincial Land Bank," (available here from the 1974 Gordon edition.) In the events of 1740, Greene saw an important precedent for what he was proposing—and one which, by the testimony of its opponents, threatened not only to take economic power out the hands of the elites, but also political power.

I'll have Greene's 1857 and 1870 mutual banking writings online by the end of the week, but here's a couple of very nice online sources on the Massachusetts land bank, to tide over any money cranks who aren't getting their fill:


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