How is it supposed to be setup, run or work? I’d love a simple explanation, or a simple introductory written source. I have never delve into the topic, and a few weeks ago was asked a question regarding it, the idea just popped into my head. Thanks!
What has the Government done to our money?
This is the one you want.
Well, markets aren’t “set up” or “run” and don’t “work”. What I mean, is that markets are not designed or planned. A private currency market “works” by any interested producer minting coins and selling them in the open market. The history of coinage provides ample data on how a commodity currency market operates. The history of the dollar is instructive, in this regard. See Rothbard’s excellent book referenced by another poster above for more detail.
Clayton -