[QUOTE=osan;4685051]This is almost certainly not goign to be the case because people on average are simply too ignorant and in many cases stoopid to understand the roots of the problem.
While I sympanthize with your despair with respect to ignorance of the masses, one must realize that there's an underlying selective market-process at work, which does NOT depend on each market-participant being wise & well-informed, it works with each individual making choices in his/her self-interest & that in itself is sufficient to ensure selection of optimum processes..
No, they will not... save in minute minority. Most people have not the faintest understanding of what MONEY is. They only know cash and that it buys them lunch at Burger King. They do not know. They do not want to know. They want lunch in exchange for pieces of paper and to hell with the rest of it. If and when crisis REALLY comes, they will have no understanding and will remain uninterested. All they will care about is that their bellies remain full, their cars go, and their houses do not freeze in winter. That pretty well sums up the truth for at least 75%, and I'd put it a bit higher... perhaps 90%. The depth and breadth of the general ignorance is mind numbing, the same being said for the attitudes.
Afterall, gold (& silver) independently EVOLVED to become money over thousands of years, NOT because the masses of people back then were very smart & well-informed, hardly so, if anything, they were less educated & less informed than the masses now & yet, it was the market-process that ensured selection of gold & silver as the most popular forms of money.
It's only been 40 or so years since gold & silver have been detached from its monetary role globally, there's no doubt that they & may be other forms of sound money will find their way back through the market-process, once again, be it at the least as the phony gold-standard that Steven is talking about.
Markets can wander & waiver........for a little while....but they always self-correct.......bubbles occur.....again & again & again.....& they self-correct every time.......NOT because every market-participant participating in the process is wise & well-informed but because there are underlying evolutionary selective processes that are at work.
Now, if one believes that there are some all-powerful, multi-dimensional, lizard-like "elite", with an access to multi-verses & wormholes, & who can control markets & economic laws then recognizing & believing in market-process like Austrians do may be a little difficult but that's just the Austrian side of things.