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The leftists and socialists pile on by calling this system 'capitalist' while their own foremost intellectuals Marx and Engels advocated for the 'centralisation of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly' in their Communist Manifesto.

What then, do you need for a real free market capitalist system?

Here are a few things:

•Legal tender laws, central banks and foreign exchange controls must be abolished.
•Free banking system that resembles the one from the Scottish era.
•Free market in interest rates and the cost of capital.
•Free market competition in currencies with no restrictions or taxes imposed on the exchange of gold, bitcoin or any form of money at all.