"Patriotism is a kind of religion; it is the egg from which wars are hatched." ~ Guy de Maupassant
The Errors of the Economists: What is Money?
Submitted by Michael Kleen on Fri, 2011-03-11 04:00
in
In order to understand the nature of money, let us begin with a little economic fable. This fable is not meant to recount the actual historical process by which money developed, but is designed to bring out certain essential features of what money is.
0
Your rating: None
User Login
Search This Site
Recent comments
-
3 days 3 hours ago
-
3 days 15 hours ago
-
4 days 12 hours ago
-
4 days 14 hours ago
-
4 days 14 hours ago
-
4 days 17 hours ago
-
6 days 59 min ago
-
1 week 2 hours ago
-
1 week 19 hours ago
-
1 week 23 hours ago
Root Strikers
Supporters
Merchandise
User Map
Latest Tweets
New recommended column on STR: An Armed March on Washington? http://t.co/8Nopb3syOD
2 weeks 4 hours ago
New recommended column on STR: Abu Ghraib in the Workplace: What It Means to 'Hire a Veteran' http://t.co/U92e0HWuPJ
2 weeks 1 day ago







Reprint Rights
Comments
I do not trust any human being to issue a monetary unit. It will always become corrupt over time. That is why gold and silver have always been money. It has to be dug out of the ground, refined and minted. It can be tested for weight and purity by even the simplest of people. It can’t be printed ad infinitum. If men were angles we wouldn’t need gold and silver.Gold and Silver are not a perfect solution. AS usual Government (evil men) grant special licenses and privileges to other evil men to manipulate, monopolize and impede the market flow of money. This type of activity will need to be viewed by all men as akin to murder and punished at the end of a rope or barrel of a gun. Gold and Silver are not perfect but vastly superior to Utopian pipe dream of fiat currency.
Well said.