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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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From:gentlemaitresse
Date:February 11th, 2008 02:10 pm (UTC)

Single currency

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If we cannot have competing currencies, then we will have to outlaw the use and distribution of foreign coins in this country. The Canadian coins, in particular, can be mistaken for US coins.

How about if you make your choices for your better functioning society, and allow others to make their own? No, you can't do that because the only way you can make this "better functioning society" of yours is if you force everyone else to do things the way you think is best.

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From:hiro_antagonist
Date:February 11th, 2008 02:16 pm (UTC)

Re: Single currency

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That's what it's come down to for the last two hundred years or so, you know?

Look at all the fuss that was made when having a national reserve and federal banks were proposed. We're better off now for it, though I suppose by your leanings you would have virulently opposed such a thing at the time.
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From:(Anonymous)
Date:February 13th, 2008 04:43 pm (UTC)

Re: Single currency

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What about virulently opposing such thing at THIS time? You say that "We're better off"... Really? We're better off with a currency that loses its value over time? We're better off with a currency in control by a handful of men, instead of millions of men?

Yes, you have made it very clear that you would gladly trade a little of your freedom for a little security. You deserve neither and will lose both.
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