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The bases, though also clear. There are no occasions to doubt technical possibility
To supervise quantity of any bank notes so that them
Value behaved in the desirable image and that, for this reason, them continued
To accept and they did not depreciate, though achievement of such result
The governments do not represent politically achievable. Existence the such
To technical possibility allows, if it is admitted by the government,
To have set as a matter of fact various money. They could represent not simply
Different quantities of the same metal, but also the various abstract
The monetary units, which value fluctuates rather each other.
In the similar image we could have the currencies addressing on the competitive
To basis in many countries, leaving people the option between them. This
Possibility, apparently, was not discussed until recently anywhere seriously.
Even the most radical supporters of free business such, as
Philosopher Herbert Spenser Social Statics (1850), London, Gasparo Scaruffi, Williams &Norgate, Abridged and
Rev. Edition, 1902 or the French economist Zhozef
- Paris, 1841, Josef Gamier, Traite theorique etpratiaue du change et des operation
de banque, seemingly, acted only for private stamping of a coin, and
Movement for free bank activity (free banking) in XIX century
Struggled only for the right of release of the banknotes expressed in standard currency
C.Smith Vera it Smith, 1936, Rationale of Central Banking, P. S. King, London>.
The monopoly for money has strengthened power of the governments
As we will soon see, the exclusive right of the governments to issue and
Regulation of money has not helped a society to receive better quality money, than
Money which we would have without participation of the governments. Possibly, this monopoly
Has generated much more the worst money. At the same time it became one of the main things
Tools of carrying out of a state policy dominating today and
Strongly promoted the general strengthening of power of the state. In the considerable
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