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| Joined: | Mon Nov 21st, 2005 |
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The above has accurately been described as a new discovery of interacting principles being tested and confirmed. The time period coincides with a curious evolution of current language from an older to a new form. Words like Socialism, Capitalism, and Communism, at that time, were being defined into the current form.
Legal currency at that time was also evolving as the time of Andrew Jackson and his defeat of the Central Bank caused a restructuring of modern finance.
Modern ‘Austrian Economists’ are currently split between Pure Free Market and Libertarian “Legal” currency proponents.
That split began with Adam and Eve I suspect and all along in history the conservatives (for lack of a better word) contended with liberals (again the word fails to accurately convey the reality).
Consider, for example, how Warren’s Cost Principle is, in fact, a form of working FREE MARKET currency.
For those who struggle with Josiah Warren’s prose there is another source explaining the same thing:
http://www.anarchism.net/scienceofsociety.htm
Becoming familiar with that particular example of FREE MARKET currency and by contrast the form that currency exists today (Dollar Hegemony) looks like the naked extortion that it is – in fact.
To bridge the gap between the exta-legal or non-legal and completely divorced from any involuntary or enforced (or fraud) currency such as the example provided by Warren’s Labor Dollars (and please do discuss but not accuse this as being some vague Labor Theory of Value straw-man) ARE examples of ‘legal’ or semi-legal forms of competing currency such as:
http://www.lysanderspooner.org/papercurrency.htm
In simple terms it can be seen that ‘legal’ enforces a monopoly and therefore competition is excluded, which, allows the utility of currency to fetch a price based upon necessity rather than cost. Competition brings price to cost, since, the competitor offering the same thing at a higher price will tend to lose customers – who pays more for less?
A very illuminating and more current example of how FREE MARKET currency (even the semi-free type) economizes:
http://www.ratical.org/many_worlds/cc/CC.html#history
The Worgl used between wars is a very good example.
Here is a very good explanation:
http://www.perfecteconomy.com/index.html
The dollar hegemony is designed to fail while the designers profit from the failure and this is not a new thing.
The competition will win. It is in the best interest of any people to Free UP currency for their own good – really.
I have much more to report on this subject including something I call Energy Currency.
Energy currency leads to power independence. How can that be a bad thing?