All of the above
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If I had to pick one, it would probably be the third option. Nozick got around to thinking about that one and said “Oh fuck...”
End of conversation
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It's a common stance. Or pegging the currency to some commodity, or any number of other schemes. Ultimately though, while there are better and worse systems, state control over currency harms the legitimacy of currency in all cases.
End of conversation
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