George Selgin says Swiss voters twice rejected plans to give the confederation a monopoly on currency issuance, in 1876 and again in 1880. The second failed by

George Selgin says Swiss voters twice rejected plans to give the confederation a monopoly on currency issuance, in 1876 and again in 1880. The second failed by a 70%-30% margin, a result he says undercuts claims banknote issuance was not profitable.