> Banks solved that problem long ago. The free banking system worked. BTW, we still mostly use PRIVATE BANK CURRENCIES all the time! Amazing, but true. They're

> Banks solved that problem long ago. The free banking system worked. BTW, we still mostly use PRIVATE BANK CURRENCIES all the time! Amazing, but true. They're called credit cards, bank checks, paypal, venmo, wire transfers, money orders, cashier's checks, etc. Even store coupons are private currency. To reiterate this point the current US dollar is a private dollar issued by a private bank and funded (essentially) by congress and the treasury. The last time the US had a public dollar was prior to the American revolution. A lot of people make the mistake of conflating The Fed with the government but it is federal in name only. It is owned by private shareholders no different than any other corporation.