rise up Rochester - Latest Comments in How Would Private Coinage Work?

Re: How Would Private Coinage Work?

Ethan — Tue, 11 Nov 2008 22:55:07 -0000

It would work with paper money only in so far as it was backed by something, anything. I certainly wouldn't accept someones pretty piece of paper in exchange for goods unless I was forced too, or someone else was forced too accept it from me. Not that the dollar is pretty, although they have added more colors recently. But the Australian dollar does have those cool holograms doesn't it?

Re: How Would Private Coinage Work?

Ethan — Tue, 11 Nov 2008 22:50:18 -0000

I don't understand your faith in government. If you haven't figured out why governments should never be trusted (no government is not evil, it does have its purposes) perhaps this will help.
Ask yourself why a monopoly is a bad thing?

Re: How Would Private Coinage Work?

sean liebel — Wed, 05 Nov 2008 13:25:43 -0000

This is interesting. Rothbard is brilliant. Yet this can work for currency too such as paper money because money is what people agree to trade it as solely. So if people could have competing currencies outside of government as well that could work with government regulating the law and punishments of those currencies. Then that could work. The beautiful attribute about money is that there are several ways to change the system besides using solely the government to do it.

Re: How Would Private Coinage Work?

riseuprochester — Wed, 05 Nov 2008 11:08:05 -0000

I guess you didn't bother reading the article, as these issues were addressed above.

Re: How Would Private Coinage Work?

Common Sense — Wed, 05 Nov 2008 01:03:34 -0000

Ridiculous.

The path of human progress made people realize that 100s of different methods of business transactions is not nearly as efficient as one single method of transaction.

Imagine, if you had to carry coinage of every different company to buy stuff.

Frankly, if you distrust government so much, I don't understand your faith in private dealers. A large enough private dealer could be a quasi-governmental entity. Why don't we just go back to bartering?