Private money in our past, present, and future

Bruce Champ ()

Economic Commentary, 2007, issue Jan 1

Abstract: The government isn’t the only entity allowed to issue money. Private citizens and businesses can too, and throughout U.S. history, they often have. But private money—as such money is called—isn’t issued much these days. What lessons have our experiences with private money taught us, and what do they imply for our money today and in the future?

Keywords: Paper money; Money (search for similar items in EconPapers)
Date: 2007

Downloads: (external link)
http://www.clevelandfed.org/Research/commentary/2007/0101.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedcec:y:2007:i:jan1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Commentary from Federal Reserve Bank of Cleveland
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().