Alternative currency
From Mises Wiki, the global repository of classical-liberal thought
An alternative currency, generally speaking, is a money circulating without official recognition or enforcement by a State, in contrast to Legal Tender which does. Users of an Alternative Currency might prefer accepting it not only for economic advantages (such as speculation in precious metals) or privacy advantages (such as the digital currency Bitcoin) but also for its political protest impact on the Legal Tender monopoly of the official State currency.
See Also
External links
- Alternative currency at Wikipedia
- Competing Money Supplies by Lawrence H. White at The Concise Encyclopedia of Economics
- Currencies of the Future by Douglas French, November 2012
- Virtual currency schemes (pdf), European Central Bank, October 2012
