The cumulative development of a medium of exchange on the free market - is the only way money can become established. ... government is powerless to create money for the economy; it can only be developed by the processes of the free market. (Murray Rothbard)

The cumulative development of a medium of exchange on the free market - is the only way money can become established. ... government is powerless to create money for the economy; it can only be developed by the processes of the free market.

Murray Rothbard

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development economy exchange free government market medium money way

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