Only the sovereign of a liberal democratic community, the citizen, can set limits to state action. Challenging the state’s monetary monopoly through monetary competition would be one means of doing so.
An interview with the economist Jörg Guido Hülsmann in which he discusses the European monetary union, the state’s monopoly on money, and other economic and political matters
Please note that the Newsletter of the Austrian Institute is currently only available in German.
Sign up