[ QUOTE ]
Well duh, that's why governments (who issue fiat money) outlaw competing minters.
[/ QUOTE ]
No, they don't.
[ QUOTE ]
Andrew Williams, a spokesman for the Federal Reserve in Washington, D.C.:
"There is no law that says goods and services must be paid for with Federal Reserve notes. Parties entering into a transaction can establish any medium of exchange that is agreed upon."
[/ QUOTE ]