Securing Better Money Through Currency Competition

by Jp Cortez
Mises.org

Competition is a good thing.

It brings out the best in athletes. It brings out the best in students. It brings out the best in companies.

Since monopolies remove the positive effects of competition, however, it makes sense to reexamine one of the most detrimental monopolies that ever existed.

Most folks would probably agree that government-run monopolies like the United States Postal Service and the Department of Motor Vehicles do a lousy job of serving the public, so why should we give bureaucrats a monopoly over our money as well?

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