Violence-based currency vs. fiat-based vs. commodity-basedSubmitted by tasmlab on Sat, 05/12/2012 - 10:19
Testing out a thought.
We here often talk about our existing fiat currency as being based on "faith" i.e., on the willingness of people to believe its value. But really, it's based on government and law, which is enforced through violence. For example, the recently incarcerated liberty dollar founder.
So, is our currency really based on violence? And how would it change popular conversation to argue for a commodity-based currency vs. a violence-based currency?
I'm guessing the language would be too radical for popular consumption.