4min chapter

The "What is Money?" Show cover image

How Bitcoin Will End Currency Counterfeiting with Michael Goldstein (WiM252)

The "What is Money?" Show

CHAPTER

The Monopoly of Money and Banking

Hoppe: Modern state power rests on monopolization of a particular industry, namely money and banking. Hoppe: Monopoly has probably become the most cherished instrument for increasing state income. He says it is an apparently irresistible honeypot for the state to resist bending to its own advantage. Huppes: If you tax wheat but end up with just a bunch of wheat, well, then you're in trouble.

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