Advertisement
Your Email:
Subject:
Message: Entry: Only a Revolution Will Do Link: http://www.takimag.com/site/article/only_a_revolution_will_do#16830 Post contents: Dr. Paul campaigned on a much more radical position than a simple "return to the gold standard." He campaigned on allowing the citizens the freedom to allow competing currencies backed by gold or other valuta to circulate as legal tender. Along the northern tier of the USA, the Canadian dollar is used as a competing currency. Along the southern tier, shops will accept pesos as well as dollars. Neither of these is a value backed currency; both are fiat money backed by solemn promises of politicians. Competing currencies throughout the polity, the chance for the populace to use trash paper for transactions and hold value backed paper as wealth protection. Brilliant. Meanwhile it is still sensible to hoard nickles, and pennies; and dump dimes minted after 1964. Sent at: 2008 07 06