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/liberty/ - Liberty

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WARNING! Free Speech Zone - all local trashcans will be targeted for destruction by Antifa.

File: c947896c4247f71⋯.png (34.17 KB, 640x443, 640:443, ClipboardImage.png)

 No.74135

Is it possible to have a privately funded country that doesn't have it's own currency?

 No.74136

The trilemma is a spook. A is the only sensible choice, because having any kind of monetary policy besides "we have a currency, X units of it is worth Y of [resource]" fucks a nation in the long run.

>Is it possible to have a privately funded country that doesn't have it's own currency?

Yes, because states aren't the only entities capable of maintaining a currency. In a free market, banks would issue their own currency, backed by their own reserves of gold, silver, or whatever real-valued asset is most beneficial to them. There would be a market incentive for banks to accept the notes of their competitors, because it increases efficiency.


 No.74151

File: f40691caa252030⋯.png (1.51 MB, 1024x768, 4:3, ClipboardImage.png)

>>74136

>The trilemma is a spook. A is the only sensible choice, because having any kind of monetary policy besides "we have a currency, X units of it is worth Y of [resource]" fucks a nation in the long run.

It's a spook that's relevant for essentially all nations at this point, since almost all run a central bank that will fuck them over.

Is this the first time in history where statists won't kick down the door of a banker nation or has it existed before, like Renaissance Venice?


 No.74152

File: c530419f5e5a36f⋯.pdf (3.76 MB, Murray Rothbard - The Case….pdf)

File: 3a13d5e73b9eb87⋯.pdf (2.78 MB, Murray Rothbard - What Has….pdf)

>>74135

What even is this? Is there any question here that wasn't already answered in pdf's related?


 No.74160

>>74152

Statists trying to control the value of their funny money.




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