View Full Version : Goldless labor based money
Man from La Mancha
08-14-2007, 01:50 AM
An interesting article ;
http://www.webofdebt.com/articles/bankrupt-germany.php
THINKING OUTSIDE THE BOX:
HOW A BANKRUPT GERMANY SOLVED ITS
INFRASTRUCTURE PROBLEMS
.
Fiat money only works if it's backed up by taxation power.
It is true that the government could directly issue and spend its own money, rather than going through a central bank and having debt-based money. The international banking cartel would never allow this to happen.
If a government directly printed and spent its own money, without a central bank, that government would become incredibly powerful.
Gold still works just fine as a currency, without having to have a centeral controller. It can't grow at the whim of politicians, so it can't be inflated. We should just use it.
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