Sunday, November 25, 2007

From copper nickel to gold dollar?

A lovely, cheeky idea from Antal E. Fekete in SafeHaven: have the Indian reservations switch from running casinos to minting gold coins, to rescue the integrity of the currency. Maybe PC considerations would inhibit a Liberty-Dollar-type Federal raid.

Interesting also that he echoes my "twang money" idea:

Thanksgiving 2007 is special because we are just re-learning the ancient lesson that no banking system can safely operate without gold. You cannot measure the quality and quantity of debt in terms of another, just as you cannot measure the length of an elastic band in terms of another.

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