Legalized Falsification ~ Ethics of Money Production
World Crypto Network
Chapter 8 from The Ethics of Money Production (Hülsmann) examines government legalization of false coins and fractional-reserve notes. Removing legal constraints on counterfeiting increases inflation but paradoxically incentivizes citizens to switch to sound foreign currency, limiting the debasement's effect. Medieval Scholastics including Oresme established the ethical standard: money imprints mu
https://relay.towardsliberty.com/b19c47aab558e6b20fd87d810b2e90532401afad11d5f22808f3c6bb33375f82.mp4
World Crypto Network
Chapter 8 from The Ethics of Money Production (Hülsmann) examines government legalization of false coins and fractional-reserve notes. Removing legal constraints on counterfeiting increases inflation but paradoxically incentivizes citizens to switch to sound foreign currency, limiting the debasement's effect. Medieval Scholastics including Oresme established the ethical standard: money imprints mu
https://relay.towardsliberty.com/b19c47aab558e6b20fd87d810b2e90532401afad11d5f22808f3c6bb33375f82.mp4