The “crime” of private money

posted by
April 7, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"[T]he government's case was internally contradictory: On the one hand, von NotHaus is accused of counterfeiting, in other words, trying to pass his coins off as authentic US coins. On the other hand, von NotHaus is accused of undermining the 'legitimate' US currency by offering a product to compete with it. Indeed, von NotHaus advertised his Liberty Dollars as inflation-proof substitutes for the 'genuine' US currency. So which is it? Either von NotHaus was trying to pass his coins off as regular quarters and dollars, or he was trying to convince people that his own coins were superior." (04/07/11)

http://mises.org/daily/5184/The-Crime-of-Private-Money  

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