First, we should start with this question: what is the ideal currency?
from: Hiro
to:
ryan@nationbuilder.orgdate: Mar 20, 2008, 10:29 AM
subject: The Nation Builder Blog
This is Hiro. I read your blog about global currency. It looked like you presented two different views, one CFR and the other Ron Paul.
I have three main questions on this. The last question is the most important.
1) What are the differences? Both seem to like the idea of one global currency, but CFR likes fiat and Ron Paul likes commodity based. Is that the difference?
2) The differences aside, what is/are both sides reason(s) to have one global currency? In other words, what is wrong is today's national currencies? Or, what is the ideal currency?
3) What is money? I think this is the most important question because without knowing what money is, you cannot think of what ideal money is. Without knowing what ideal money is, you won't know what's wrong with today's money or you won't be able to design a better money system.
Let me know what you think.
Hiro