You have once again done great justice to my views by capturing the essence of them.
And finally the curency was made independant from the gold backing.
What a sweet, passive, neutral way to portray an act of theft, fraud, and extortion.
Indeed. I can say that I find passive voice to be a bit smarmy.
"Cool Hand Luke": "What we've got here is failure to communicate."
"The boy's mind isn't right!"
more trade in hard money and less in fiat tokens.
We live in exciting times. Friedrich Hayek first described this idea of denationalizing money in 1976 in his book on the subject. At that very time, the USA was not fixing the price of gold or silver.
It took twenty years for e-gold to come out with a product that delivers on the promise of denationalized or free-market money. GoldMoney, e-Bullion, and Pecunix have done similar work in the arena.
Yes, these currencies are growing. Yes, they do compete against fiat money. Yes, they do offer better money in the midst of bad money.
But, since there is no artificial under pricing of commodities, there is no Gresham's Law (actually, it was Aristophanes who first wrote about this phenomenon) to violate. And, to the best of my ability, I have not been able to find any evidence that a legal tender law is operating right now.
We do have an opportunity to use free market money. I think we should. And, I think arguments against free market money and favoring fiat money systems are bad and wrong. I don't mind saying so.
Regards,
Jim http://www.ezez.com/
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