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Acknowledgement of my expectations. Everything that we know about behaviour of individuals,
To which should deal with bad national money and to face
With the government, not shunning any means of compulsion of people to
To use of money let out by it, specifies in probable success of any money,
Which have desirable properties for public if to it it is artificial do not disturb
Them to use. Americans, fortunately for themselves, never worried
The period when all citizens of the country considered as more safe not the
Own, and other national currency. But on the European continent was
It is a lot of cases when, people instead of the national currencies would use
Dollars. They and arrived, and in a much bigger measure, than it was supposed
The law, also it was necessary to resort to severe punishments not to allow
Quickly to extend to this habit. We will recollect billions not considered
Dollar banknotes, undoubtedly, being in private hands worldwide.
I never doubted that the majority of people recognises not at once advantages
Similar new currency, also assumed even that if to give the such
Possibility in the beginning weights will address more likely to gold, than to whatever that
Was to forms of paper money. But as always happens, success of those of the few, who
Quickly will understand advantages of really stable currency, eventually,
Will induce others to imitation.
However I to admit, is a little surprised by that among all the professor
- so trusts abilities of a competition to create the best monetary a little
Tools as Fridman, apparently, at all does not consider, what is it ever
It will appear under force of monopoly and simply is afraid of the laziness called by the old
The chapter XV. Desirable dynamics of the offer of currency
The currency offer, the stable prices and equivalence of investments and savings
Fiction of "neutral money"
The increased demand for liquidity
Till now we conditionally supposed that that kind of money to which will prefer
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