Money, Banking, and Competition

This chapter explores the concept of competitive banking and its parallel to currencies between different countries. It discusses Adam Smith's views on money and the Scottish free banking system, highlighting the possibilities of competitive currency issuance. The chapter also discusses the influence of cryptocurrencies in opening people's eyes to privately issued money and the drawbacks of government monopoly.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.