Denationalisation of Money: An Analysis of the Theory and Practice of Concurrent CurrenciesLudwig von Mises Institute, 1976 - 108 pages |
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accept aggregate price amount Austrian School cash cause central banks cheque circulation coins collection of commodities competing currencies competition concurrent currencies contracts countries course demand depreciating currency depreciation desirable different currencies ducat economic economists effect enterprise F. A. Hayek finance fixed rate fluctuations free banking Friedman gold standard government monopoly Gresham's law increase individual inflation institutions issue of money issuer issuing bank issuing money kind of money legal tender liquid London medium of exchange ment metal Milton Friedman monetary policy monopolist monopoly of money movements national currencies national price paper money political possible practice prefer prevent price level probably problems produce Professor Hayek proposal quantity of money quantity theory rate of interest rates of exchange redeem regulate relative prices Silvio Gesell stable currency supply of money token money trade unit of account value of money wages wholly