THEY WANT TO SCARE YOU WITH MYTHS OF “UNHAMPERED CAPITALISM”
Bad ideas are sometimes the hardest to dethrone.
It’s probably accurate to say most people think of money as the paper currency printed by governments. And it is money in the sense that it functions as a medium of exchange, but is it sound? Is it vulnerable to inflation?
Its very existence is evidence that it is, so why are so many people reluctant to switch to a money that isn’t?
There any many myths surrounding hard money currencies, and one of them is that money, both its nature and supply, is best left to the alleged guardian of our rights, the state.
The fact that money came into existence on the market, and that its ultimate form and supply were determined by economic law, is disregarded.
Money matters belong to the state because the state, unlike the rest of us, is in a position to remove itself from market discipline. Since the state is necessary to our survival, the story goes, it cannot do its job unless it can control the growth of money.
Money, therefore, must be of such a nature that its supply can grow in accordance with the orders of a state-appointed committee.
Even the classical gold standard was under control of the state.
When that control proved too limited for those eager for war, it was abandoned.
The gold standard did not fail. States failed to keep the gold standard.













