No he didn&#x27;t. Presently private banks issue fiat money ahead of wealth creation due to a govt granted monopoly on money issuance.<p>If that didn&#x27;t exist (small &#x27;l&#x27; liberal) then in 2008 the banks would have gone to hell and many a lesson would have been learned.<p>Also land is a natural monopoly - you can&#x27;t make more. Small &#x27;l&#x27; liberal economists have said this time and again.