State Money vs. Private Money

In reading any dialogue, you know in advance that the guy asking the questions is the guy who wrote the dialogue. He will win the argument. This tradition goes back to Plato, where the losers were sometimes reduced to some variation of “Tell us more.” This dialogue is between two vocal advocates of limited civil government: Private Money Guy (PMG) and State Money Guy (SMG). PMG: Please describe the ideal monetary system. SMG: Where the Constitution bans all forms of official money except gold and silver. PMG: Why do we need official money? SMG: Because people need to trust the … Continue reading State Money vs. Private Money