VIDEO We need a solution to the country's monetary problem that doesn't lead to massive inflation. The key is a monetary solution that preserves the value of money so that it is stable and enduring. I don't know the solution, but the two hour video here gives a summary of some of the challenges. I've personally watched in my own life a cup of coffee go from a nickel a cup to $1.89 a cup (well a refillable cup at Cracker Barrel). We need a better system. The video claim that government issued money is the solution. I think it has to go further than that. Gold is not the answer is their position. Who controls the quantity of money is the issue according to this view. Quantity should be controlled so that value is preserved.
Sunday, August 21, 2011
What Should We Do About Money?
VIDEO We need a solution to the country's monetary problem that doesn't lead to massive inflation. The key is a monetary solution that preserves the value of money so that it is stable and enduring. I don't know the solution, but the two hour video here gives a summary of some of the challenges. I've personally watched in my own life a cup of coffee go from a nickel a cup to $1.89 a cup (well a refillable cup at Cracker Barrel). We need a better system. The video claim that government issued money is the solution. I think it has to go further than that. Gold is not the answer is their position. Who controls the quantity of money is the issue according to this view. Quantity should be controlled so that value is preserved.
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