Title: 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