New Private Monies

Description:

Kevin Dowd argues that states must allow a level playing field as far as private money is concerned. For too long the government has stifled competition between state-backed and private currencies. Instead, central banks should welcome competition as it forces them to offer consumers greater choice and improved quality. A weakened ability to store value, growing restrictions on finance, oppressive taxes and a lack of financial privacy have resulted in growing frustration at state controlled money. The superior nature of private currencies combined with the financial freedom they offer has led.

subjects: Money,  Monetary policy,  Electronic funds transfers,  Electronic commerce,  Politique monétaire,  Transferts électroniques de fonds,  Commerce électronique,  BUSINESS & ECONOMICS,  Economics,  General,  Reference