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Why Governments Hate Currency Competition

July 2, 2020 by Counter Markets

By Thorsten Polleit Introduction In this article, I would like to accomplish two goals: First, I want to explain what money is (and what it is not). I will argue that money is the medium of exchange, and that this is the only function of money. Second, I will point out why the size of the money supply does not matter and that the money supply does not have to grow to make an … [Read more...] about Why Governments Hate Currency Competition

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