tes and the refusal to accept, and to competitive value reckoning and stable value pricing) can be issued to avoid any involuntary unemployment and other sales difficulties for consumer goods and services which are needed and wanted by people, people who are willing to give their productive labour in return for them, at market prices and wages. Monetary freedom solves the problem - provided only that there are no other interferences, none with property and trading rights, with wage contracts or other prices, with the free practice of all professions, jobs and trades and with the free mobility of persons and goods. If one tries to solve the problem with an incompletely liberated market, especially without monetary freedom, one will, indeed, be in difficulties. Freedom is indivisible. It includes monetary freedom. Most libertarians have overlooked this and still embrace remnants of despotism: more or less complete despotism in this sphere. They have to suffer the consequences of their insufficient appreciation of liberty. Let anyone, who can, provide any acceptable cover and standard, let him issue his own non-coercive currency. Let good money (gradually but fast) drive out the bad money and we would not experience any difficulties from this but would, on the contrary, profit from this in all respects right away. IV SOME NOTES AND COMMENTS WHAT IS INFLATION? It is a condition where bad money is allowed to drive out good money by being given exclusive and coercive powers: Legal tender and issue monopoly characteristics. Consequently, this type of money is enabled to drive up all prices, including wages, seeing that all must be expressed and traded in this bad currency. Price and wage increases are the only way out left to the sellers but even they do not render this process harmless. Almost all time consuming monetary relationships are disastrously affected by this intervention. Although monetary economic calculation does not become imposs...
