Post
Topic
Board Economics
Re: Alternative currency ( paper money )
by
Snaic
on 14/12/2018, 06:43:59 UTC
If there was an alternative currency (paper money) unregulated by the Government would you use it?
Of course not. It would be useless paper. The whole power of paper bills is that they are issued by states and their circulation is mandatory for use on the territory of the state, guaranteed by the state and supported by the material values of this state and its gold and currency reserves. If such bills are guaranteed by individual business structures, these will actually be their shares, these forms already exist, and for this, nothing extra need be invented. Everything has long been thought out and works.