Money is a vital part of any well-developed economy – in fact, it is no exaggeration to say that most of our lives depend on the existence of a monetary medium. This importance puts a great deal of power into the hands of the monopoly producers of money (i.e. central banks). Moreover, to quote Spiderman (!), ‘with great power comes great responsibility’. In the same way that a sound money can enrich our lives, an unsound money can sour our experiences. Unfortunately, the current monetary system is a major instigator of recurring ‘clusters of error’ (to quote Jörg Guido Hülsmann). Widespread social discontent is just one symptom of the current monetary system.

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