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What is gained by abolishing legal tender since, as you state, another standard will rise in its place?
by locopati 17y ago
What is gained by abolishing legal tender since, as you state, another standard will rise in its place?
- kingkongrevenge 17y agoAbuses and deficiencies of any one currency would be kept in check by competition, even if one currency dominated. An issuing authority couldn't abuse their position because everyone would just flee the currency.