In this book, Selgin showed that private coinage was a viable solution to government monopoly.
Selwin would have loved reading about the Medieval bills of exchange
it was a grassroots paper money made solely of IOUs
That's interesting, do you have some references? I'll look at those.
here are the standard references
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=151849
https://www.economics.utoronto.ca/munro5/BILLEXCH.htm
I also found some newer works
https://journals.sagepub.com/doi/abs/10.1177/10323732251331978
https://eurhisfirm.eu/wp-content/uploads/2020/09/Bettarini_Bradley_Moore_Datini_letters_working_paper.pdf
https://memdb.libraries.rutgers.edu/about-spufford-currency
Selwin would have loved reading about the Medieval bills of exchange
it was a grassroots paper money made solely of IOUs
That's interesting, do you have some references? I'll look at those.
here are the standard references
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=151849
https://www.economics.utoronto.ca/munro5/BILLEXCH.htm
I also found some newer works
https://journals.sagepub.com/doi/abs/10.1177/10323732251331978
https://eurhisfirm.eu/wp-content/uploads/2020/09/Bettarini_Bradley_Moore_Datini_letters_working_paper.pdf
https://memdb.libraries.rutgers.edu/about-spufford-currency