Zeev, its the weekend and ok to loosen up and being out of sight of those
clients looking for Deep Think Scientist Zeev, you can now be yourself as
the Mad But In Control Scientist.
So lets take a really off the wall idea and see if it will fly or crash & burn.
In a world, in a place, far far away from Earth, a look alike USA that is
like this one, with the difference that the money creating and control and
regulations was sold off by the government the same way as ours did with
the post office, and its now in the private sector, as follows.....
.......Under a pure commodity money,
the money-supply process is totally privatized:
The mining, minting, certification, and storage of the money
commodity as well as the issuance of fully covered, i.e.,
100-percent gold-backed, bank notes and deposits are carried
out by private firms operating in a free market.
The virtue of a genuine, 100-percent gold standard
is precisely that it establishes a free market in
the supply of money and, in doing so, brings about a complete
abolition of the governmental monopoly in this most sensitive
and vital area of the market economy.
wild
doug |
