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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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Your advice is misplaced, please stop suggesting that your viewpoint is superior to mine, it is not, and demonstrably not superior, and you demonstrate this fact every time you resort to falsification, misrepresentation, libel, lies, and falsehood.
Now you can claim that you are superior because I am "always" claiming that "everyone" is against me, you can do that again, or you can misrepresent me in some other way, so as to make me look inferior, again, as if such a thing does, somehow, make you superior. These games you play, from my view, discredit you, and I do not make the mistake of transferring your discredit onto the good, and the accurate, texts written by many of the people who are intimately associated with in that Goldbugs camp of people.
Your reference to Murray Rothbard is misplaced, I have already exposed his duplicity, he is among the supporters of legal crime, not among the supporters of free banking, among the group of people who call themselves Austrian Economic professors.
A. Free banking (really free, not the false "Free")
B. Not A
I've repeatedly shown that duplicity from the words of one of their own, and I can repeat that link, and I can repeat those words, but for now this sentence is enough wasted power on you and your continued misrepresentations.
As to the actual reality of what is or is not ideal currency, as people find it, use it, employ it, and as it powers up any economy anywhere, I think electricity, since its discovery, and its use, has shown to be the winner so far.
If the idea is to monopolize, control, and employ as a tool for victimizing innocent targeted victims, I see no better device than "legal tender", in any form, be that form Gold, Silver, paper, or networked digital accounts (employing electricity).
Currency (a medium of exchange whereby the tool itself is a vital tool necessary when people access division of labor, specialization, and economies of scale) is a double edged sword type of thing, due to its unique character, its power, and its ability to facilitate the production of actual power, physical power.
The production of currency is subjected to manipulations of opinion. False currency, or "fiat currency", is a good example of this phenomenon, resulting from this character of currency (a medium of exchange...).
Electricity cannot be falsified, and neither can oil. It is what it is, and it does what it does, and it does what it does exactly as it does each time, when it is what it is.
Gold has similar properties; however gold isn't divorced from manipulations of opinion. Gold can be a very good medium of exchange when opinions think that Gold is a very good medium of exchange, and this can be measured as purchasing power. If Gold is not thought of, by anyone, as a good medium of exchange, like modern society for example, then gold isn't a good medium of exchange. How does Gold measure up?
Can I use gold to buy something on E-bay? Can I use gold to pay taxes? Can I use gold to buy my groceries? How much does it cost me to use gold as currency in any of these transactions?
If the answer is no, I won't except gold at this time, then the answer is no, if the answer is maybe, if and when you can prove that your gold isn't fake, or if and when you can prove that your gold is good, worth something, real, and not false, then the answer isn't yes, thanks, here is your groceries, move along, there is someone else in line, we are working with velocity here at the grocery store, then the answer isn't yes and the reason for something other than a quick "yes" answer is a measure of that other side of that sharp double edged sword called currency.
If a person buys 20 solar panels and sells those panels to the manager of the grocery store, hooks up the power producers (all 20) to begin supplying the grocery store with power, and by that investment the grocery store owner pays less for electric power to the new power producer, you or I (the one who hooks up the power), and my pay is a lifetime of groceries, then that illustrates something about electric power, currency, and the power to purchase, while bypassing opinions. Each watt is worth a calorie of food - perhaps. Once the deal is made the seller can receive groceries at that rate, so long as the solar panels continue to produce power. If the grocery store manager buys the solar panels himself, if that is the snappy come back, then why are you and I not farming our own food? Why don't you and I farm, or produce, our own currency?
The double edge on the sword of currency is there because currency must seek monopolization or cartelization so as to gain power, to become universally accepted, and in doing so the cost of haggling, the cost of measuring relative value, and the cost of proving value, are minimized. Even when the last two "best" or "highest quality" currencies remain to be the "accepted" ones there must be one last haggle, one last "exchange rate" calculation done, at the point of exchange, whenever the people trading are not somehow brought under some monopolization or cartelization routine, tool, or process.
Absent a "legal tender" force, or tool, or opinion changing process, monopolization routine, cartelization routine, absent that force the process (without "legal" means) would theoretically be free competition of multiple competitors seeking dominance, seeking monopolization, and seeking cartelization for the one and the only one currency.
What would the winner be? If actual reality were used to answer that question, it seems to me, the winner would be electricity, with oil a close second, currently, at this time in human history. But that is just me seeing with my brain, my eyes, and my capacity, or my power to know, and to know accurately.
To suggest that I look, again, at words written by someone who supports "legal tender" or even someone who claims not to support "legal tender" while hidden behind his false message that person actually does support "legal tender" with his support of enforced property rights or enforced "intellectual property rights" or some other enforcement of some other contract, or some other support of some Gold Standard, or some other, hidden, support of something other than actual free banking, where the actual support being supported by the duplicitous individual isn't free banking, it is something else, something nebulous, something ambiguous, something hinted at but not confessed, then such a suggestion is misspent on me, I've been there and I've done that already.
If the true winner of an actual free market competition for market share in currency markets were to be Gold as currency, then that would be the case, I can't see it, it makes no sense, since gold is much less able to pass quickly from user to user, therefore it limits velocity, it throttles down economic activity by that measure.
It is simple to see this affect, and it is known to be a real condition, an actual fact, and a possible illustration of this affect is the T.V. commercial where the scene in view is a store, with a check out person processing a line of buyers, where the velocity of trade is smooth, quick, and efficient, and then someone in the line pulls out coins, or dollars, and then the quick and efficient commerce routine slows down to a crawl.
Anyone at the grocery store who has had to wait longer in line because someone ahead in the line is "negotiating" the transfer of payment is someone who can see this affect without complication, without duplicity, without error - perhaps.