Manchester School
-Richard Cobden advocates free trade, including free trade in land
-which concludes with advocacy of land value tax
-to prevent the formation of a land monopoly
-implemented in British Isles by Heads of British Isles > 1846-1857 Wilfrid Lawson (Radical)
Birmingham School
-Thomas Attwood pursues idea of paper currency with moderate inflation
-but in wake of collapse of Bank of England under Heads of British Isles > 1834-1837 Samuel Whitbread (Radical) paper currency is literally unthinkable
-becomes implemented in the US by American Presidents > 1877-1879 John Wentworth (Justice) †
Concord School
-following theory of Daniel Webster Quiner
-from Concord, Indiana
-idea that currency should depreciate like any other asset to prevent hoarding
-every two weeks, people need to put a stamp on their currency to keep them valid
-stamps needing to be paid for
-supported as part of what's called "reflation"
-controlled, even inflation