Freedom to choose your own money

posted by
March 11, 2012
by Carl Watner  
Posted in Commentary

"In a free society, the production of money would be a matter left to private enterprise. Money producers would compete with one another to offer the best product at the lowest cost. Such a system would be devoid of State coercion and government interference. The law of natural displacement (the best money will be used by traders and will displace less suitable ones) would minimize useless innovations because people would only accept new forms of money if they saw value in the improvements offered. Monetary freedom means that whatever is chosen for money must be able to survive on its own merits. A money that people must be forced to use has already lost its credibility." (03/09/12)  

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