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Budgets/Taxes Economics

Government Monopoly Money vs. Personal Choice in Currency

written by Richard Ebeling

Economics Featured
Gold, Government and Monetary Freedom

by Richard Ebeling June 16, 2014

For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been that competitive markets and free consumer choice are far better than government control and planning – except in the realm of money and financial intermediation. They have been wrong on this important issue.

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