From the Invisible Hand to the Invisible Sleight-of-Hand - LewRockwell

From the Invisible Hand to the Invisible Sleight-of-Hand - LewRockwell: Why are we using state money instead of market money?  Put another way, why don’t we have the freedom to select the money we want to use?  Cryptocurrencies are a market alternative but they haven’t put state money out of business yet.  If they ever threaten to do so, the state has the power to prohibit them. Market money is sound because of two essential features: First, it represents the market’s choice of a universally-accepted medium of exchange, and second, it serves to shackle the government to a great extent — meaning it liberates the people. A state that prowls … Continue reading →