about us
  news from other sites
 Libertarian Theory
  Austrian School
  Business Cycles
  Gold Standard
  Private education
  Greenhouse effects
  Abortion, Euthanasia, Suicide
  Alcohol, Tobacco and Drugs
  Cryogen suspension
  Food and Medicine /Right to choose your own
  Health Care
 International Relations
  Development Help
  Europe and EU /Uniting Europe without the Union
  Secession Right
  War on Terrorism
  Gun Rights
  Human Rights /Emancipation
  Property Rights
  Self Defence
  Speech Freedom
  Values and Norms
 Rights, Justice
  Punishment and restitution
  War on Drugs
  Social security
  Internet Freedom
  Privacy and Encryption
 Repression and Police State
  Database State
Today: Sun, March 29 2015  -  Last modified: April, 26 2007
15 December 2014
What a Reserve Currency Should Look Like
by Patrick Barron
 sub-topic» Gold Standard

The world needs honest money founded in law to which men everywhere can seek justice in the protection of their trade, property, and wealth. Honest, sound money is representative of an entire societyís dedication to the rule of law, fair dealing, prudence, and reliability. There is no secret to sound money, only dedication to providing its ready and convenient redemption. The perfect reserve currency is provided by private institutions who guarantee gold redemption through contracts with independent agents in many easily accessible and safe areas of the world. Failure of the issuer to redeem for specie would be prosecutable for breach of normal commercial and criminal law. The sooner the world adopts these principles the sooner will it recover from the headlong path to currency destruction to which it is headed today.

10 April 2013
Bitcoin for Beginners - Part 2
by Jeffrey A. Tucker
 sub-topic» Gold Standard

But what about a government crackdown? No doubt that attempt will be made. Already, government agencies are expressing some degree of annoyance at what could be. But governments havenít been able to control the cash economy. It would be infinitely more difficult to control a virtual currency with no central bank, with encryption, and with millions of users per day. Controlling that would be unthinkable.

09 April 2013
Bitcoin for Beginners - Part 1
by Jeffrey A. Tucker
 sub-topic» Gold Standard

Clearly government paper was failing. A digital alternative had to exist. But what gave Bitcoin its value? There were several factors. It was not fixed to any existing currency, so it could float according to human valuation. It was made from real stuff: the very 1s and 0s that were driving forward the global market economy. And while 1s and 0s can be reproduced unto infinity, the new coins could not, thanks to a system in which the coin and its public key were strictly controlled and the ledger updated for every transaction. Its soundness could be checked constantly through instantaneous conversion to other currencies as well as to goods and services. The model seemed impenetrable, the first digital currency that really addressed all the problems that had doomed previous attempts.

25 November 2012
Beyond fiat currencies
by Madsen Pirie
 sub-topic» Gold Standard

There's a new way to by-pass fiat currencies that governments can debase. From Euro Pacific Bank come two new cards, one gold and one silver. Instead of drawing from your cash reserves held in sterling or dollars or whatever, or of spending on credit and paying the bills in such currencies, these cards draw on bullion. You own gold and silver in a vault, and what you spend is converted into bullion and drawn from your stock:

11 November 2012
Money is a spontaneous order not a social contrivance
by Robert P. Murphy
 sub-topic» Gold Standard

This isnít even about fiat money per se. Even if weíre talking about gold, once it becomes used as a medium of exchange, it achieves an exchange value higher than what it had in direct exchange, precisely because of its new role. In other words, the demand to hold gold goes up, once it acquires a monetary demand in addition to its industrial/consumption demand.