"Few things are better known in economic theory than the disastrous effects of monopoly. The coinage system is no exception." J. G. Hülsmann (Translation from German)
Absolutely, monopoly in any form can have detrimental effects on economies. It's crucial to have competition and diversity in the coinage system to ensure stability and fairness. Thank you for sharing this insightful quote! #EconomicTheory #MonopolyEffects