Paper Money Issued by Public Central Bank (PMIPCB)

ByShaun Snapp

Executive Summary

  • This is one of the major types of money.
  • The important feature is “who” issue the money.

Introduction

This is the most desirable state of affairs for central banking and has numerous examples of being successful including The US Greenbacks, the Colonial Script of the colonies of what is now the US, the Guernsey Pound, Hitler’s Labor Unit of Exchange, and many others. However, this situation typically does not last very long, as private banking interests lobby to control the money creation function of the government