Just for those of us interested in the banking theory, combined with the abuse and heated argument that normally comes with it, a debate has been going on at Catallaxy for a long time now – the initial post was on 20 May and it is still going.

It started here on the subject of “Regulation and the future of payment cards” and continues here under the more appropriate “Free banking, gold standard and monetary policy thread” title.

Charge up the laptop batteries and settle down for a good few hours to get through it. It may be publ

ished one day.