Thank you Phil Magness for publishing these great work by Lysander Spooner showing his true colors advocating private banking without any form of corporate structure or entity of any kind, using paper currency that can be backed by land and property so it'll always be a low interest rate and banking scares would be a thing of the past forever more.
We could use ALL precious metals, gems, valuable-but-rare-yet-useful commodities as standards of value, but we can use paper currency and crypto-currencies ONLY IF THEY ARE BACKED BY PROPERTY.
This is the weaknesses to modern paper cash, this same issue exists with ALL cryptos, even Peter Schiff got this wrong, this stuff makes so much sense!!!
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![Two Treatises on Competitive Currency and Banking by [Lysander Spooner, Phillip Magness]](https://m.media-amazon.com/images/I/51AQGPkEJvL._SY346_.jpg)
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