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Updated: July 18, 2025
Thus, while banking and money-issuing are free, the cantonal banks insure a requisite note circulation, minimizing the rate of interest and reducing its fluctuations. The setting up of cantonal banks, in order to withdraw privileges from licensed banks, was one of the public questions agitated by social reformers and decided in several of the cantons by direct legislation. Taxes.
With the non-existence of the exclusive enjoyment of monopolies by some men monopolies in the land, in money-issuing, in common public works each producer would retain his entire product excepting his taxes. This end secured, there would remain no politico-economic problem excepting that of taxation.
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