Post
Topic
Board Bitcoin Discussion
Re: Project Mainstream - So we got Bitcoin on Alex Jones. [Link Inside]
by
ElectricMucus
on 11/10/2011, 16:45:00 UTC
Can we agree that all Governments depend on their monopoly of money?
Currently or necessarily? History shows that most governments did not have a monopoly on the money supply. In fact, there is an inverse relationship between the duration of a civilization and its monetary authority.
Currently. I don't see the necessity that government must work the way as it is today. But I don't think that I can follow you... the governments themselves do not have control over it now either they just provide the circumstances for a monopoly of the private entities called central banks.

This wasn't always the case but I can't see money being supplied according to anarchistic principles either, if you exclude short term local currencies.