What Is Private Currency?

Free money, Austrian neo-liberal economist Hayek advocated a kind of cashable and competitive currency that was distributed and distributed by private banks. Hayek believes that due to the competitiveness of this currency, its issuance volume will be limited by the actual demand. If it is issued excessively, the issuing bank will eat its own fruits, so it is the most complete currency in a free market economy. It can Overcome inflation and unemployment to achieve stable economic growth. ^[1]