"Constitution or Competition? Alternative Views on Monetary Reform"

Brown, Pamela J.
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First Pub. Date
1982
Publisher
Literature of Liberty. Vol. v, no. 3, pp. 7-52. Arlington, VA: Institute for Humane Studies
Pub. Date
1982
Comments
Brown, Pamela J. (Auburn University)
Copyright
The text of this edition is copyright ©1982, The Institute for Humane Studies. Republished with permission of original copyright holders.
About this Book

Money, for practically as long as it has existed, has been employed to realize two fundamentally different sorts of goals: production or plunder. In a market economy, private individuals routinely use monetary institutions in a cooperative way to achieve voluntary exchanges of goods and services. Political authorities, by contrast, use monetary institutions in a non-cooperative way to achieve involuntary transfers of wealth.... [From the text]