The Benefits of a Free Currency System

Government can no longer conceal that their money is becoming bad, they will have to restrict the issue. Let us deprive governments or their monetary authorities of all power to protect their money against competition. Make it merely legal and people will be very quick indeed to refuse to use the national currency once it depreciates noticeably. Employers in particular would find it in their interest to offer in collective agreements, not wages anticipating a foreseen rise of prices, but wages in a currency they trusted.