Could education be soley funded by Hayekian Private money system?

Economics Economics Questions
1

http://mises.org/daily/1854

Do you think education could be fully funded by a private fiat currency system alongside a honest money system in a libertarian society?

Now in order for this system to work the whole education system would have to have it’s own:

  • Banks**(fraction reserve system that allows for heavy inflation)**
  • Currency**(originally linked to a commodity)**
  • Stocks, Bonds, Funds etc…(so outsiders could bet on the system, invest etc…)
  • Educational codes/Labor codes**(regarding work for study, vouchers etc…)**
  • (Of course) Institutions, Campuses, Centers, Courts**(academic probation)**
  • Councils, Officials, Chairmen etc…

This system would be able to support anyone who wants in. And it would cover all types of education imaginable.

2

Just to clarify:

I’m asking if a private fiat currency system could fully fund eduction(of the majority) virtually free-of-cost to those ‘in the system’? As long as they have confidence in the currency and use it. Inflation would exist to accommodate new comers and growth of the ‘institution’.

3

I dont know about the question of education specifically, but I have long been of the opinion that a libertarian society would utilize private forms of fiat currency as well as precious metals as competing forms of money.