Duh. The question was why would they issue their own currency instead of just accepting someone elses.
To cut out the middle man an ensure that notes would match up specifically with their reserves. Even if the banks commission others to do it then it is really the banks doing it
Private companies do manufacture all of our medium of exchange today, EXCEPT they don’t spend it into circulation, they only loan it into ciruclation. Then they demand back more than what was created and you are forced into foreclosuer. It’s clearly theft by deception.
You are clearly a hack.
I’m sorry for trying to learn things I don’t understand [*-)]
I’m pretty sure McKibbin wasn’t referring to you. Tomozope seems incapable of understanding how people who lend money to businesses would be paid interest on their investment in a sound money economy. Honest questions are welcome but close-minded dogmatism gets old.