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.
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.