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2023-02-20 17:07:00

walker on Nostr: “In no period of human history has paper money spontaneously emerged on the free ...

“In no period of human history has paper money spontaneously emerged on the free market… In all known historical cases, paper money has come into existence through government-sponsored breach of contract and other violations of private property rights. It has never been a creature of the free market.” — Jörg Guido Hülsmann, The Ethics of Money Production
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npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u