Ok now we are cooking with fire
"An essay concerning the establishment of a national bank in Ireland" (1774) by John Gray


Early argument for lower interest rate policy to stimulate economy

establishing a national (central) bank that could lend and compete with private (commercial) banks


"the capital of the national bank may be augmented by ſubſequent acts of parliament, till the currency wanted in the nation be properly ſupplied, of which the legiſlature would certainly be as ſufficient judges as any private bankers"

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