What Type of Money/Currency Would You Use?
Submitted by rharaz on Thu, 08/28/2008 - 15:37
If we were free to choose the medium of exchange, what type(s) of money/currency would you like to see used, and why?
- interest bearing, debt based currency (like our FRNs)?
- gold?
- silver?
- fiduciary currency backed by a commodity (or basket of commodities)?
- scrip (i.e. privately issued I.O.U.s backed by an item/service the issuer owns/provides)
- non-interest bearing currency (perhaps like Lincoln's Greenbacks)?
- other?
Please try to refrain from criticizing the choices of others (thanks).
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Whatever the market
chooses, free of legal tender laws.
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Don't blame me if there's no voice for liberty opposing McCain and Obama in the Presidential debates. I donated to Ron Paul Libertarian, Bob Barr's campaign.
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Don't blame me if there's no voice for liberty opposing McCain and Obama in the Presidential debates. I donated to Ron Paul Libertarian, Bob Barr's campaign.
Greenbacks (without an
Greenbacks (without an exception clause like the banks put on Lincoln's Greenbacks) because they are the only ones that avoid the problems of fractional reserve banking.
Coinage only, in the form of
Coinage only, in the form of Gold, silver, and copper. We don't need anything else in state-based currency.
One additional thing: The right to create and circulate money privately, without government interference, should be a part of daily life.
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