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Comment: I appreciate the PDF

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Shamus_McMises's picture

I appreciate the PDF

Submitted by Shamus_McMises on Sat, 01/19/2013 - 19:02.

I actually looked for it before i posted but apparently didn't look hard enough. I also would agree that the banks would be responsible for backing their notes and that no real standard or official national currency would be necessary. It would also be necessary to pass a law restricting banks to one hundred percent reserve lending and backing of bank notes issued to protect the market from the volitility that can occur as a result of loose fiduciary money policy.