Articles liés à New Private Monies: A Bit-part Player?

New Private Monies: A Bit-part Player? - Couverture souple

Dowd, Kevin

 
9780255366946: New Private Monies: A Bit-part Player?
Couverture souple
ISBN 10 : 0255366949 ISBN 13 : 9780255366946
Editeur : Institute of Economic Affairs, 2014

Synopsis

Kevin Dowd argues that states must allow a level playing field as far as private money is concerned. For too long the government has stifled competition between state-backed and private currencies. Instead, central banks should welcome competition as it forces them to offer consumers greater choice and improved quality. A weakened ability to store value, growing restrictions on finance, oppressive taxes and a lack of financial privacy have resulted in growing frustration at state controlled money. The superior nature of private currencies combined with the financial freedom they offer has led to their increasing attraction. Bitcoin enables its owners, among other things, to protect their wealth, make investments free from government control and retain a level of privacy, making it increasingly attractive. The price of Bitcoin rose from 3 cents in April 2010 when first traded, to over $900 in January 2014. The relationship between restrictions on individual freedom and demand for private money is also identified in the paper. The increasing constraints on personal freedom have led to private money becoming more and more popular as it enables people to do what would otherwise be illegal. The market for private monies will continue to thrive as long as states restrict and prohibit various forms of commerce.

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À propos de l'auteur

Kevin Dowd is professor of finance and economics at Durham University and a partner in Cobden Partners. A lifelong classical liberal, his main interests are in private money and free banking, but he is also interested in general political economy, monetary and financial economics, regulation, risk management and pensions. He has published widely in academic journals and is an adjunct scholar at the Cato Institute and a member of the Academic Advisory Council of the Institute of Economic Affairs.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Institute of Economic Affairs
Date d'édition
2014
Langue
anglais
ISBN 10 
0255366949
ISBN 13 
9780255366946
Reliure
Broché
Nombre de pages
116
Coordonnées du fabricant
non disponible
Personne responsable
non disponible