Cover
Table of Contents
I. Money: Medium of Exchange or Policy Instrument?
II. The Problem Plaguing Monetized Systems: Government Mismanagement of Currency Production
III. The Proposed Remedies to Bureaucratic Corruption of Token Currency
A. Gold: A Note on the "Classical" Solution
B. Monetary Rules:
C. A Free Market Money System: The Competing Currencies Alternative
IV. Conclusion: Competition as the Proper Response to Ignorance
Bibliography
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"Constitution or Competition? Alternative Views on Monetary Reform"
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Brown, Pamela J.
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Autumn 1982
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Literature of Liberty
. Vol. v, no. 3, pp. 7-52. Arlington, VA: Institute for Humane Studies
Pub. Date
1982
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TABLE OF CONTENTS
Cover
Table of Contents
I. Money: Medium of Exchange or Policy Instrument?
II. The Problem Plaguing Monetized Systems: Government Mismanagement of Currency Production
III. The Proposed Remedies to Bureacratic Corruption of Token Currency
A. Gold: A Note on the "Classical" Solution
B. Monetary Rules:
The Call for a "Constitutionally Constrained" Government Monopoly
Two Rationales for Rules
Suggestions Concerning the Rule's Content
Suggestions Concerning the Money Monopoly's Organization
The Anticipated Results of a Monetary Constitution
C. A Free Market Money System: The Competing Currencies Alternative
From "Bitter Joke" to "Crucial Issue"
Earlier Advocates of Free Trade in Money: From Smith to Spencer
Recent Discussions of the Competitive Supply of Money
Hayek and the Denationalization of Money
The Competitive Process of Currency Production
Is a Free-Market Monetary System Stable?
Could Private Token Currencies Emerge? Would They?
Skepticism From Gold Standard Advocates
Rules and Commands: Their Confusion by the Constitutionalists
Monetary Constitutionalists as Entrepreneurs in Scientists' Clothing
IV. Conclusion: Competition as the Proper Response to Ignorance
Bibliography
Footnotes
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