On Fri, Jan 17, 2014 at 10:15 PM, Andy Bradford < [email protected]> wrote:
> Thus said Jonathan Duncan on Fri, 17 Jan 2014 11:33:51 -0700: > > > On the topic of crypto-currency, and perhaps currency in general, I > > am wondering about the benefits of having multiple currencies in > > circulation versus a universal currency. > > Competition in markets is good for consumers, why should not competition > in currencies also be good for the consumers of money? > > I assume so as well. I was looking for arguments on both sides. > > In the real world, we see examples of both. > > Do we? I don't know of many States that allow multiple ``legal'' > currencies to circulate in competition one against another... > > heh, world != states :) Though nation is another word for state. Many states in Europe have tried the individual currencies as well as the unified currencies. In some respects the dollar is a unified currency, but it is not the only currency accepted. The world as a whole continues the tradition of using multiple currencies. /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
