fyi,
governments print currency — Weimar Republic, 100 percent loss of value, economy in ruins
consortium of private banks print currency —steadyish inflation culminating in huge amounts of Quantitative Easing, 90 percent loss of value, economy on skids and sinking
private banks individually, private parties print currency — confusion, inefficiencies in the economy, and some of them go broke, bust too....total loss of value for some at least, see histories of the Panic of 1837, the Mormon banking (or “anti-banking”) attempts (multiple, successive failures....), Bitcoin today?
anyone got a better solution?