Rand Paul: Firms Could Create Own Currency

When he travels to Silicon Valley, Kentucky Senator Rand Paul has a libertarian posse. PayPal co-founder Peter Thiel sunk seven figures into a super-PAC that supported the 2012 presidential bid of Paul's father, Ron. In visits to tech companies, Paul has explained why the open-minded folks who become technologists should reject the leviathan grip of government. Last summer, Paul was the star of the conservative Lincoln Labs "2014: Reboot" conference, where he mused about how the crypto-currency Bitcoin could break up the money monopoly. It could lead to "Wal-Mart Coin, K-Mart Coin," of companies building their own currencies, tied to stocks.