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Possibilities to avoid oppression from outside the governments will be saved.
The chapter XXIV. Long-term prospects
Possibility of occurrence of set of similar currencies
Preservation of the standard of long-term promissory notes even at the possible
To loss by currency of the value
New legal frameworks of a banking
It is possible to hope that a competition as it usually occurs to it,
Will lead to opening still the unknown possibilities put in a phenomenon of money.
It does any attempt of a prediction of long-term results offered
Reforms of the extremely risky. We, nevertheless, will try to summarise in brief
Probable long-term consequences of its realisation. I am convinced that when
The system will completely be generated also a competition liquidates some number
The unsuccessful enterprises, in a free world remains a little widely
Used and very close currencies on the qualities. In the big regions
One-two currencies will dominate, but these regions will not have accurate or
Constant borders, and the currencies dominating in them, will be crossed in the wide
And changeable regions on the structure. At the majority of such currencies,
The goods leaning against similar sets, short-term rate fluctuations
Rather will be each other very small
Than currencies of the stablest countries today, but is slightly stronger, than at currencies,
Based on the real gold standard>. If structure of commodity baskets, on
Which some currencies will lean, will be adapted for conditions
Regions of their basic use, isolation can gradually begin
These currencies. But the majority of them will address together, not only
In parallel, but also in coordination changing the value. After experiments with
Search of the most favorable set of the goods to which prices should be
The currency is adhered, the subsequent changes will be, possibly, rare and
The insignificant. Competitive struggle between banks of issue will force them
To concentrate on, how to avoid even insignificant deviations of value,
Expressed in these goods, on distribution of the fullest information about
The activity and on various additional services (such, as the help in
Book keeping), offered clients. The escaped governmental banks
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