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Message Subject Get rid of the money system, then get rid of goverrments
Poster Handle Anonymous Coward
Post Content
Be Careful What You Believe...

It is my personal conclusion after much study that in fact, gold was seldom ever the actual medium of exchange; that gold was furnishing a reference standard, and it was functioning in a performance bond role.

The actual medium of exchange has been pieces of paper - and lying (see the Liar's Poker post) - lying about the pieces of paper has been almost the norm. When the lying becomes too blatant and widespread all the paper looses all value and a temporary reversion to actual physical specie coinage exchange takes place.

The real need therefore (IMO) isn't so much redeemability in gold (or silver), but rather mechanisms for discovering lies in commerce and mechanisms for dealing with liars. (Perhaps guillotines). "In commerce, truth is of the essence."
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