Can I read New Private Monies: A Bit-part Player? (Hobart Papers) on EtoBox?

New Private Monies: A Bit-part Player? (Hobart Papers) by Kevin Dowd Durham University is a nonfiction available to read on EtoBox.

What is New Private Monies: A Bit-part Player? (Hobart Papers) about?

Kevin Dowd argues that states must allow a level playing field as far as private money is concerned. For too long the government has stifled competition between state-backed and private currencies. Instead, central banks should welcome competition as it forces them to offer consumers greater choice and improved quality. A weakened ability to store value, growing restrictions on finance, oppressive taxes and a lack of financial privacy have resulted in growing frustration at state controlled money. The superior nature of private currencies combined with the financial freedom they offer has led to their increasing attraction. Bitcoin enables its owners, among other things, to protect their wealth, make investments free from government control and retain a level of privacy, making it increasingly attractive. The price of Bitcoin rose from 3 cents in April 2010 when first traded, to over $900 in January 2014. The relationship between restrictions on individual freedom and demand for private money is also identified in the paper. The increasing constraints on personal freedom have led to private money becoming more and more popular as it enables people to do what would otherwise be ille

Who reads New Private Monies: A Bit-part Player? (Hobart Papers)?

Author

Kevin Dowd Durham University

Publisher

London Publishing Partnership

Published

2014

Language

EN

ISBN

9780255366991

Category

nonfiction

Subjects

Economics, Finance, Business

Rating

4.4 / 5 (5 ratings)

Updated

2026-03-14