Mises Daily
Author:
Murray N. Rothbard
Online Publish Date:
[This article is excerpted from chapter 7 of What Has Government Done to Our Money? ] The idea of private coinage seems so strange today that it is worth examining carefully. We are used to thinking of coinage as a “necessity of sovereignty.” Yet, after all, we are not wedded to a “royal prerogative,” and it is the American concept that