Pssst. Want to buy some Stossels?
That's the question I ask in my syndicated column this week:
Why should you trust [Stossel dollars]?
Because I promise to redeem them for gold. And I'm reliable. I have money in the bank and a job that brings in more than I spend.
By contrast, the politicians who back American currency run an unsustainable deficit.
The Federal Reserve prints so much money that since it opened its doors in 1914, the dollar has lost more than 90 percent of its value.
Competition improves most everything. Why not currency? Why does our government make that illegal? It was once legal. For more on how competition might make currency better than it is now, here's the rest of my column.