Apparently the economic bad times have caused some local communities to start using alternative currencies. Now, as a follower of Rothbard and Ron Paul, and therefore a sound money, gold standard, anti-fractional reserve banking kind guy, I have a great deal of skepticism about the sustainability of such schemes. But as a proponent of decentralization and secession, I find myself quite pleased with such openness to experimentation. It means that our independent spirit hasn’t totally atrophied and prostrated itself before Leviathan. It means that not everyone in the world believes nothing moves if not pushed from Washington DC, that economic “policy” can only originate in the op-ed spaces reserved for court intellectuals in the New York Times and Wall Street Journal. But yeah, it looks like this stuff is funny-money not backed by anything and susceptible to inflation, but to paraphrase Robert Anton Wilson, it can’t be any more hilarious than that given us by the Fed.
January 22, 2009
Something is happening here, but I don’t know what it is
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