This is an article from 'News of the Day' that I found interesting. Deep in the article was this quote :
>>>
We need trusted money because it is a driver of progress and productivity, and, ending the book on a note of great optimism, Tamny argues we are going to have it again. Economic folly and fiat money have created the conditions for a money revolution. The solution is private money, stable and reliable money created by, for, and of the people, not by governments. Tamny write, “ . . . private money forms will inevitably replace government money . . . because we must have much more trustworthy money in order to achieve our human potential, and because we can.” (Bold print and italics in original.)
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>> private money forms will inevitably replace government money >>
That concept is something I do NOT endorse.
Not that 'private money' can't be 'better' than 'fiat government money' . . . But that it is a LOT more likely that whoever creates and controls the 'money' will be more out to enrich themselves than actually perpetuating a system of currency that would be better.
(Personally I think we need to hang anybody who claims any amount of inflation is 'good for U.S.')
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