What is the point of removing the government monopoly on money? Is it simply an ideological dream of radical free market enthusiasts? It may be a dream, but it's a dream with substance. The desirability of competing currencies comes from practical considerations. We can expect competing currencies to provide remedies to four economic ills: inflation, instability, undisciplined state expenditure, and economic nationalism.
http://www.maxmore.com/hayek.htm
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