>>Freepers must make in excess of 450K a year.
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>All of my potential customers do. If they don’t buy, I’m out of business.
The problem is that (1) we have a fiat currency, which means that the value can be, and is, arbitrary (w/o ceiling or floor), and (2) the agreement is simply a number ($450K) and can be reached at any time via inflation, and likely can be changed arbitrarily.
This is why a gold or silver standard are better than a fiat currency — they have an intrinsic value and therefore are not merely imaginary numbers which can be manipulated at-will. (Of course the value of some coin can be fraudulent — but that is a separate issue.)
I agree but how do we unwind fiat currency. Fractional reserve banking is what brought us out of poverty. Can you image going back to the gold standard. Not enough gold and silver in the world to match the dollars outstanding. The Gold standard would be the Biggest Spending Cut EVER. Remember the days of no air condition, that is how serious the cuts would be.