Post
Topic
Board Economics
Re: An Honest Introduction to Money
by
BobK71
on 17/05/2015, 17:45:04 UTC
Earth has a heterarchical monetary authority: anyone may “mint” coins through an official channel (e.g., Writcoin[™]) and have these coins certified “Great Empire Coin (GEC)” by the Empire.

How does the G.E. coin relate to your monetary theories?

Not sure how G.E. works, but I would love to have a system where anyone can issue money and the markets decide which monies survive.  The basic problem we have is that state power is involved in artificially propping up monies.  The more the state props it up, the more fragile it gets over time, and life becomes a gamble.  (And surprise, surprise, the average person always seems to lose.)