Post
Topic
Board Politics & Society
Re: Ending bankruptcies, unemployment, and poverty
by
KornShell
on 20/06/2013, 09:51:33 UTC
This is why I am involved in Bitcoin:

Quote
The economy is not a machine.  It is an ecology made of biological organisms -- humans.  It is far too complex for any government to fully understand or improve, but governments try to do this.  They play God.  The result is bankruptcies, unemployment and poverty for millions of good people who have never harmed anyone.

The Clipper Ship Strategy, Richard J. Maybury

That is a great quote, and 100% right. I think the only way to have a smooth running economy is we must get off paper currency. If it can be printed, and inflated we must not use it.
You are correct.  The US Founding Fathers realized this also.  They authorized only gold and silver as a currency of the realm, and proclaimed the death penalty for anyone who debased that currency.  That was the first crime to carry the death penalty in the US.