Free banking means the issue of competing monies by private banks, with no central bank or government controls. This course shows how free banking would ensure stability and how central banking caused our present banking crisis. Topics include: the destructiveness of central banking, the economics of competitive currency issue. I00% versus fractional reserves, myths about "wildcat banking," and the virtues of the gold standard. Finally, a reform plan for establishing free banking will be offered. (A 1990 course revised)