New Private Monies
Subtitle: a Bit-Part Player?
Series: Hobart Papers; Hobart paper
Publisher: London Publishing Partnership
Published: 2014
Place of publication: London
Language: eng
Number of pages: 115
ISBN-13: 9780255366618
Subjects: Money; Monetary policy; Electronic funds transfers; Electronic commerce; Politique monétaire; Transferts électroniques de fonds; Commerce électronique; BUSINESS & ECONOMICS; Economics; General; Reference
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.
Table of contents: title: Foreword; The author; Acknowledgements; Summary; figures; Introduction; The liberty dollar; Trading Liberty Dollars for greenbacks; Liberty Dollar notes; The Liberty Dollar in exchange and as a store of value; The Liberty Dollar and the law in the land of liberty; Digital currency; Digital gold currency; Cryptocurrency: bitcoin; The supply of Bitcoin; Figure 1Stock of Bitcoin; The demand for Bitcoin; History of the Bitcoin market; Figure 2Bitcoin market prices and quantities traded; Current state of the Bitcoin market; Threats to Bitcoin; The future of Bitcoin.; title: In the long run, is Bitcoin dead?Broader implications of cryptocurrency; Free trade: the Silk Road; Financial freedom; Conclusions; Contemporary private money and the functions of money; Regulation of contemporary private monies; Cryptocurrencies and the transformation of society?; References.