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Private Money with Stefan Eich
The Dig
Arusha's Vision of an Equitable Global Monetary System
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An international monetary system is both a function and an instrument of prevailing power structures. Hik draws from this the conclusion that we precisely need to take money out of the hands of government. We need to denationalize it, he says. And that's where we get this vision of competing private currencies. This isn't a kind of non political, technical process. When the i m f arrives and youo demands structural adjustment, this isn't a type of non-technical process. It can have happens in peril.
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