Posted on 02/11/2019 8:53:40 AM PST by bkopto
“You will not eliminate cash in less than 10 years.”
They will never eliminate currency. If a country eliminates its currency then people will start using the best currency that they can find from other countries. Also, in a cashless society what happens when the power goes out? Will retailers and sellers then accept checks? I highly doubt it.
You have an interesting point. My understanding in many countries the US greenback paper dollar is just as good as their own currency if not better.
Or another black market type physical medium of exchange will evolve.
Proponents of MMT say you are correct.
I’m not a proponent of any theory. I just call them like I see them, and keep it simple.
I’m saying, as a means to get an economy going and causing interest rates to rise, cutting taxes is far superior, but that’s no fun for the elites who have to justify their existence.
Academics and the government make economics far more complicated than it should be.
Rising interest rates are an anathema to growth, causing increased cost of debt. Cutting taxes is fine by me, as long as it is accompanied be reduced spending in wasteful sectors, but that is barely happening. The tail is wagging the economy’s dog.
Junk silver is a perfect alternative.
Junk Silver Coins, also known as US 90% Silver Coins, generally refers to old US currency coins whose valued is based on the silver bullion value of the silver content they contain. These are 90% silver coins minted by the US Government pre-1965 (half dollars, quarters, and dimes).
The purchasing price of the silver coins could be set at some discount to the spot silver price.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.