How Private Markets Can Provide Private Money
February 9, 2014
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!
Dr. Block [send him mail] is a professor of economics at Loyola University New Orleans. He is the author of Defending the Undefendable, The Case for Discrimination, Labor Economics From A Free Market Perspective, Building Blocks for Liberty, Differing Worldviews in Higher Education, and The Privatization of Roads and Highways. His latest book is Yes to Ron Paul and Liberty.
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