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12min chapter
Lawrence White on Currencies and Better Money
The Great Antidote
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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode