Most remarkable web researcher Dr. Lilly Evans found this article for me which I shall include in the Historic Evidence section of links. The author George Selgin, Professor of Economics at the University of Georgia, writes on his staff page about Banknotes and Economic Growth besides Free Banking and Deflation as his interests.
It could very well be that banks will rule our world – but along ethical principles – as national governments with their privileges of national military and national currencies are on their way out. Just google for ‘national currencies’ and you’ll see.
We do live in interesting times!