Without Govt Money We'll Be Freer, More Prosperous

Without Govt Money We'll Be Freer, More Prosperous
AP Photo/Rick Bowmer, file

Why do people want money? Obviously, so they can buy goods and services now or in the future. But, in actuality, it is not money people want, but purchasing power. Is it necessary to have a stock of money to have purchasing power? Well no, provided people have credit or wealth that can be turned into a transferable unit of account in close to real time.

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