“The dominant ideology of a society, whether - TopicsExpress

“The dominant ideology of a society, whether individualist-capitalist or collectivist-statist, influences that society’s political and financial institutions. Just as the individualist-capitalist ideas of the late-18th century eventually spread and enabled the rise of freer monetary systems, so too the collectivist-statist ideas of the mid-19th century eventually spread and enabled the rise of statist, centrally planned monetary systems. Advocates of free banking would do well to bear this in mind: Free banking and gold-based money presuppose and depend on an ideology of individualism and capitalism.” —Richard M. Salsman

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