Here I speak about how privatization can be applied to currencies. I talk about how the private sector is moral and efficient, while the “public sector” isn’t. I explain how the market is merely trading voluntarily. I go over the dollar vote, the responsive superiority of entrepreneurs over politicians, the intrinsic incentives of the market, the benefits of money, the difficulties in a barter society called the double coincidence of wants and more!
How Private Markets Can Provide Private Money
6:11 pm on February 9, 2014
