Assignment: Suppose a new law stated that any person could print their own money. Consider this and answer the following:
Q1. What kind of changes would come about in daily commercial transactions as a result of such a law?
Q2. What forms could this private money assume?
Q3. What would influence an individual to either accept or reject private money?
Q4. What institutions might arise in the free market to help a person decide whether to accept or reject a particular private monetary note?