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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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I submit the following question:
Will free banking produce the highest quality currency at the lowest cost due to the nature of competition in a true free market, and if so then what are some of the most favorable qualities of the dominant curerncy that will dominate the free money market and what will be the cost of borrowing that currency (conversely what will such currency generate in interest income)?
Example: Islamic currency charges interest at cost, so will that currency gain market share once The Dollar Hegemony goes bankrupt?