Quote from: custard7 on November 12, 2018, 06:22:07 PM

Quote from: Spendulus on November 11, 2018, 09:35:02 PM

You may want to review an article written by Milton Freedman, and a similar one by Hayek, on the effect of consumers having a choice of currencies. This applies to the case of a consumer having a choice of crypto currencies as well as his national currency.

Yes, thank you! I will check that out. I just found "Choice in Currency" and "Denationalization of Currency" by Hayek.

I also found "The Rationale of Central Banking and the Free Banking Alternative" by Vera Smith, one of Hayek's students. It seems good - putting even more meat on the proposal.

Yes. Although these deal with ... if I recall correctly .... consumer choice in fiat currency, I don't think there is any real difference. The point is a competitive market with consumer choice of currency can eliminate or minimize various ill effects of governmental printing of money.