A Philosophy Of Private Currencies

by Max Hester

“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” — F.A. Hayek

The power of money is not owning it but creating it. Citizens worldwide entrust their governments with printing and regulating their mediums of exchange. Trust makes the world go round. Our economies and social realms depend and thrive on it. Giving trust involves taking risks. If there were no risks involved in making decisions, one would…