Alan Greenspan wrote a good essay on monetary gold back when he was friends with Ayn Rand. Among many pertinent points, he argued that gold as money made welfare states impossible. Fiat money has made a lot of bad ideas possible. From Patrick Barron at mises.org:
What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are quite certain they have learned that there is an alternative to markets as the means to economic prosperity. It’s a means that does not involve meeting the legitimate needs of one’s fellow men in the marketplace.
It is likely not a coincidence that most people living today have lived most of their lives in a world dominated by fiat money. It has now been nearly fifty years since the United States broke all…
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Extinction rebellion is a global eco terrorist organization( has a NZ cell) created by the moneymen to lobby for their carbon industry. Carbon trading and carbon taxes.
The creation and opening of “green funds for lending from the same 1% is not any alternative to the current banking( economic)system.
To oppress by way of fascism ” socialism” is just the buzz word to distract.1984. Call fascism socialism and then who can protest it.
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Of course a Fiat economy isn’t just a “print more” situation or you end up like Zimbabwe with hyperinflation. It’s a big juggling and balancing act.
I agree with Anon about Extinction Rebellion. I happen to know a member of Extinction Rebellion NZ who is also a major player in bot the Socialist movement AND the Vegan movement. Never doubt that all these things are connected and that in fact it is a very small group of individuals pulling the strings (and most of them, while quite intelligent, are frighteningly idealistic and lacking in age and experience/wisdom).
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