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LOL, most liberatrains are not even aware how deeply they depend on the "nanny". Starting with law enforcement and capturing those who counterfeit money.
by SomeRndName11 3y ago
LOL, most liberatrains are not even aware how deeply they depend on the "nanny". Starting with law enforcement and capturing those who counterfeit money.
- eru 3y agoPrivate Scottish (and Canadian) banks that issues bank notes in the 19th century did just fine catching counterfeiters. See https://www.cato.org/blog/more-counterfeit-currency https://www.cato.org/blog/more-counterfeit-currency Law enforcement is a function that even many libertarians, but not all, reserve for the 'nanny'. See https://en.wikipedia.org/wiki/Night-watchman_state https://en.wikipedia.org/wiki/Night-watchman_state
- SomeRndName11 3y agoAhahahaha, 19th century banks had tiny circulation of their own Mickey Mouse notes, compare to global reach of the dollar. Now who would police the banks, lol who would arbitrary decline the notes in case of low liquidity?