Journal Article

Private money in our past, present, and future

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: Money; Paper money;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2007

Issue: Jan

Order Number: 1