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Not to issue so reliable money that they would be preferred by citizens of othersThe countries! And, certainly, in relation to those governments, which money Are rejected by a society, the guilt presumption always should be applied!).
I do not think that this plan will prevent the governments to do that they should
To do in interests of normally functioning economy and that in long-term
To prospect will benefit any group of the population. But here there are difficult
Problems which are better for discussing after we will be completely opened Main principle.
The chapter II. Main principle generalisation
The competition of currencies was not discussed by economists Initial advantages of the governmental monopoly for release of money
If seriously to consider a question on immediate introduction in the reference on
The limited territory of several competing currencies it is necessary probably,
To find out, in what will result wide application of a principle on which is based
Our offer. If we intend to cancel exclusive circulation on Territories of each country of the unique national currency which is let out
The government and to admit the reference of the currencies which are let out by others equal in rights
The question arises the governments, at once: whether is so
Desirable refusal of the governmental monopoly for release of money in general and,
Accordingly, the permission to private enterprises to supply public Alternative media of exchange? The questions lifted by similar reform, carry now the theoretical Character much in a greater degree, than the practical stated above The offer for it is still too strange and unusual for general public,
That it was possible to discuss possibilities of its realisation right now. Meanwhile
Even experts badly imagine problems which will arise in this
Situations, and hardly it would be possible to give the reliable forecast of exact consequences at
Realisations of such scheme. However, already it is now quite obvious that is unconditional
The monopoly of the governments accepted nowadays for release of money is not
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