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How bad money keeps good money down - Open Knowledge — LiveJournal

Feb. 10th, 2008

03:41 am - How bad money keeps good money down

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Date:February 10th, 2008 02:45 pm (UTC)
It's an argument from a utilitarian point of view, yes. Does ease of use outweigh any advantages multiple currencies offer? Ease of use wins for human beings 99.99% of the time, and I think with good reason.

Everything is done at the barrel of a gun, when you get down to it. It's who's at the end of that gun that we have more control of these days than before.

From a cultural perspective (rather than an individual perspective), it's better for everyone to be on one standard instead of competing standards, even if the the standard isn't the best in the world.

I know this sounds like The Borg (TM) talk, but when it comes to matters that deal with society, one has to take the view of the whole rather than the view of the individual.
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