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Private money in our past, present, and future

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Author Info
Bruce Champ

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Abstract

The government isn’t the only entity allowed to issue money. Private citizens and businesses can too, and throughout U.S. history, they often have. But private money—as such money is called—isn’t issued much these days. What lessons have our experiences with private money taught us, and what do they imply for our money today and in the future?

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File URL: http://www.clevelandfed.org/Research/commentary/2007/0101.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2007)
Issue (Month): Jan 1 ()
Pages:
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Handle: RePEc:fip:fedcec:y:2007:i:jan1

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Related research
Keywords: Paper money ; Money;

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This page was last updated on 2009-11-18.

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