Ok, my bad. The currency itself can hardly be called "coercive". Coercion is done by people to people. When I was talking about economic policies, I meant this recipe:
1. Establish a government-issued currency that it can print when it wants.
2. Make people use this currency by creating barriers to other currencies and forcing people to accept it as payment for debts.
3. Print money according to some made up theory on what's better for society and give this money to whoever needs it it more (according to a theory at hand).
Comments
Ok, my bad. The currency itself can hardly be called "coercive". Coercion is done by people to people. When I was talking about economic policies, I meant this recipe:
1. Establish a government-issued currency that it can print when it wants.
2. Make people use this currency by creating barriers to other currencies and forcing people to accept it as payment for debts.
3. Print money according to some made up theory on what's better for society and give this money to whoever needs it it more (according to a theory at hand).