On Sun, Jun 12, 2011 at 10:44 PM, James A. Donald <jam...@echeque.com> wrote: > On 2011-06-12 8:53 AM, Nico Williams wrote: >> >> A fiat currency with no capital controls and reasonably free >> trade is probably the best currency system yet. Details do matter >> though. > > If operated by far sighted men with an eye for the long term - for example > if operated by a hereditary monarchy. > > Operated by the current lot of crooks who can scarcely see as far as the > next election ... I think Sparta had it right in this instance: put the public officials on trial when their term is over, and make them accountable for their actions. Its funny how those lessons were lost.
Jeff _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
