Economics Questions

Re: Could education be soley funded by Hayekian Private money system?

SirThinkALot — Wed, 08 Dec 2010 18:18:19 GMT

I dont know about the question of education specifically, but I have long been of the opinion that a libertarian society would utilize private forms of fiat currency as well as precious metals as competing forms of money.

Re: Could education be soley funded by Hayekian Private money system?

denison — Tue, 07 Dec 2010 20:42:01 GMT

Just to clarify:

I'm asking if a private fiat currency system could fully fund eduction(of the majority) virtually free-of-cost to those 'in the system'? As long as they have confidence in the currency and use it. Inflation would exist to accommodate new comers and growth of the 'institution'.

Could education be soley funded by Hayekian Private money system?

denison — Tue, 07 Dec 2010 20:39:11 GMT

http://mises.org/daily/1854

Do you think education could be fully funded by a private fiat currency system alongside a honest money system in a libertarian society?

Now in order for this system to work the whole education system would have to have it's own:

Banks(fraction reserve system that allows for heavy inflation)
Currency(originally linked to a commodity)
Stocks, Bonds, Funds etc...(so outsiders could bet on the system, invest etc...)
Educational codes/Labor codes(regarding work for study, vouchers etc...)
(Of course) Institutions, Campuses, Centers, Courts(academic probation)
Councils, Officials, Chairmen etc.....

This system would be able to support anyone who wants in. And it would cover all types of education imaginable.