I realize that most people think that gold is a substance that "backs" a money system but even that is bunk. A money system is totally contrived and it's an arbitrary thing, we can contrive it anyway we want. To use a minded substance and to make the use of money based on debt is the most stupid, insane and hazardous thing a society can do. But no one speaks of changing that construct.
I realize that most people think that gold is a substance that "backs" a money system but even that is bunk. A money system is totally contrived and it's an arbitrary thing, we can contrive it anyway we want. To use a minded substance and to make the use of money based on debt is the most stupid, insane and hazardous thing a society can do. But no one speaks of changing that construct.