Private Coinage
The idea of private coinage seems so strange today that it is worth examining carefully.
The idea of private coinage seems so strange today that it is worth examining carefully.
This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped.
A demand for monetary freedom — a repeal of legal-tender laws and the opening up of the banking system to private enterprise — is nothing more than the extension of freedom generally.
From The Journal of Ayn Rand Studies Vol. 6, No. 2, Spring 2005.
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
From “Choice in Currency: A Path to Sound Money”; the Mises Circle in Vancouver. Recorded 13 September 2008.
If we understand that freedom is inseparable from sound money, we can embrace that too.
How are money prices determined? The stock of the money commodity responds to demand and supply of the consumers and their preferences just as with any other good.