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Monetary Reform Hitting The Mainstream Press?

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Repeal legal tender laws. When sovereigns control currency, they debase gold coins to augment their own coffers. When politicians control currency, they print money to monetise their debts. Even by giving control to independent central banks, we haven't found a way to protect the value of money, since there is still a monopoly provider with an incentive to inflate. The best form of consumer protection is competition, and commercial institutions should be allowed to offer currency to allow markets to determine the most effective medium of exchange.

Amazing to find this in the Gruniad of all places.

What will Polly say? :blink:

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People dont care.

all they want to hear is that people get paid fairly and the people that caused the credit crunch are going to get it int he neck.

Brown and Darling have said their bit....now we can move on, satisfying the sheeple and doing absolutely nothing whatsoever about the bankers and their system.

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The notion that the present financial system is "laissez-faire" is, of course, ludicrous. At present, we have a nationalised organisation that holds a state-granted monopoly on the issuance of currency. If this were any industry other than finance, the Bank of England would be seen as the Soviet-style planning board that it is.

hmm hopefully the message grows

maybe people will realise ron paul isnt the nutter that the mainstream made him out to be

especially given a lot of his predictions have come true

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