Monies ~ Ethics of Money Production
World Crypto Network
Hülsmann argues natural money (precious metals) emerges when individuals spontaneously select media of exchange that satisfy non-monetary demand and enable division of labor. Paper and electronic money lack prior non-monetary value and risk permanent annihilation; every historical case required government coercion. In free markets, commodity money outcompetes fiat through monetary competition sinc

https://relay.towardsliberty.com/faa5dc853d9ba9fa34e2e0d679fde7998fd9f2d516de13d21ff0d0c4bcd63141.mp4