The road to serfdom planned economy to a monetary
LI-PAPER. The deliberate planning of European monetary leaders is misleading.
In a free market monetary system would have every citizen the freedom to choose between state and other money. This would require the government's money monopoly fall and are admitted, that may develop in parallel distributed discovery process for government cash alternative currencies. Since no one has volunteered bad money, of developing the private currency competition, but also stop the state money to producers, will produce better money.
The approval of competing private currencies and a competition of different currencies would therefore be a far more effective debt brake as it is the limits of the European stability pact today.
Download LI-paper (5 pages, PDF)