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RE: Monopoly Money Must End

in #teamendthefed • 7 years ago (edited)

Great post! We need more awareness about the intrinsic problems with central authorities "controlling" value representation and economic grease.

Bernard is a great guy, I had the chance to meet him once and aksed him about his feelings about bitcoin and cryptocurrencies... he was not convinced in 2014!

7 years ago in #teamendthefed by
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     7 years ago 

    hi @fraenk I'm pleased to meet you.
    Yes, I am not a blockchain enthusiast, but the problem is not gold, fiat or crypto currencies, or the digital economy - no, the problem is institutional governance with the monopoly on use of armed force and the creation of money.

    Kakistocracy

    The concept of central authority institutionalized must be addressed or freedom will be a fatality.

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     7 years ago 

    indeed! the systemic problems are a lot more far reaching than the monetary dictate!

    but the monetary system might just be the achilles heel of the system as a whole!