postman
Member
- Joined
- Mar 3, 2016
- Messages
- 1,284
Gold can be mined anytime one wishes. One can certainly hoard it, but there's plenty of gold in the possession of private hands. It can never be totally controlled.
This is not a real problem.
Oh yes, I'm going to open a gold mine in my back yard!What is so inherently good about it?
I never said fiat money is inherently good... I suggest you guys study about the monetary system in the US during the colonial time all the way up until now. Debt-free fiat is money of the people, by the people, for the people. This is a pretty good documentary about it Changing to a gold-based system would solve absolutely nothing except stop run-away inflation. Adopting gold as money doesn't mean that fractional reserve banking is abolished, or that private central banking is abolished, or that government borrowing is abolished, or that usury is abolished, or that the power of the most powerful people in the world, the people who run the current system, is abolished.
So I take it you're an anarchist? All government is communism and evil? The few short times when governments issued debt-free fiat paper money it worked wonderfully, so you can't really use a historical argument against it.It's like saying communism isn't inherently bad, it just depends on who's at the head of the party.
When will people learn ?