LARGE PRINT EDITION More at LargePrintLiberty.com Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create Money but instead the marketplace. "Man himself is the beginning and the end of every economy," Menger wrote, and so it is with deciding what is to be traded as m.
Individuals decide what the most marketable good is for use as a medium of exchange.
LARGE PRINT EDITION More at LargePrintLiberty.com Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create Money but instead the marketplace
