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To: 1010RD
What’s the harm of a true free market in currency?

So I get paid in "American Express Dollars" my mortgage is in "Exxon Dollars" and my bank pays interest in "JPMorgan Dollars".

I go to the store and items are priced in 18 different currencies. Seems a little clunky.

47 posted on 02/24/2015 6:37:42 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot

That would be clunky and what we see in clunky markets is consolidation, no?

Look at credit cards: Visa, MasterCard, and AE dominate. Not clunky, but totally functional. The market makes it work or changes it until it does.

All I’m calling for is an end to government monopoly of currency in America.


51 posted on 02/24/2015 6:58:25 AM PST by 1010RD (First, Do No Harm)
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