[quote=sdduuuude]I have no response to this.
I feel like Microsoft Excel that has just encountered a circular reference.[/quote]
I think my overall point was that a commodity based monetary system is no panacea to the economy.
It simply substitutes one set of problems for another.
No matter what, governments will always wind up controlling, to a certain extent, whatever currency method is created. Whether the government intervention and oversight is excercised wisely or not is what determines how well that economy will behave. In the recent past, it hasn’t been excercised wisely – it poured gas on the fire when it should have been trying to find the water hose instead.
