Re: "we know what's best for you". We're talking about private companies offering people a free choice of an alternative to state monopoly money. Yes, Facebook

Re: "we know what's best for you". We're talking about private companies offering people a free choice of an alternative to state monopoly money. Yes, Facebook has reach, but they're not the ones jailing people, etc. Even though I can't stand Facebook I think you have this backwards. (To the extent they succeed through dirty tricks, I'd be wrong about this.) > there's also no doubt that being able to execute monetary policy is a huge advantage for any country. I'm not confident about pretty much anything macroeconomic, but I do doubt the confidence of most talk about it. The U.S. was on the gold standard through the Industrial Revolution, for example.