Published on March 13, 2012 | by LawNews
Eric M. Freedman Disagrees with Alternative Currencies, Says Result could be an “Economic Catastrophe”
The consideration of alternative currencies by state governments is a subject not without debate.
Eric Freedman, professor at Hofstra University’s law school believes an “economic catastrophe” could result from having competing currencies in the US which “would be the destruction of the country,” Freedman said. It is believed that US states would face major constitutional challenges if they attempted to develop alternative currencies.
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