Fiat currency is not free market as a consequence of the Truck Acts which outlaw company scrip being paid to employees. It is because employers are prevented from paying their employees in this way that the official, Government scrip predominates. Other currencies are driven out of the market.
As a consequence, the Government is then able to inflate the currency with Government debt, banking inflation and directly with money printing. All of these inflations are made possible by the Truck Acts which create currency monopolies.
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