About This Quote
When a person is in a relationship with a government, he or she is required to obey that government. In many cases, the person cannot bargain with the government as the government has more power than they do. The State recognizes no coinage but power: and it issues the coins itself. In other words, the State issues its own currency and relies on its own currency to maintain a stable economy. This means that if there is a financial crisis, the government will be able to fix it through money creation.
Source: The Dispossessed
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