On Fri, Oct 24, 2008 at 7:47 AM, Shane Mage <[EMAIL PROTECTED]> wrote: > > > On Oct 24, 2008, at 12:26 AM, Sean Andrews wrote: > > >Just out of curiosity, other than gold and what Dr. Paul calls "fiat > >money," what other option is there? Using shells? shiny beads? labor > >chits? It is gold and the free market or nothing at all. > > There is another option, you know: socialization of the banking system > together with a gold standard--like the USSR in the 1920's, when the > currency was anchored on the gold ruble (chervonets). In the policy debates > under NEP among Trotsky, Bukharin, Sokolnikov, Preobrazhensky et. al., that > was not in question. > Shane Mage
Sure; not everyone thinks the free market or gold are super ideas. I meant, when the Austrians and Ron Paul harp about "fiat money," aren't they really just asking for a gold peg? s _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
