Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Star Traveler

Economic history shows that different money forms (gold, bank notes, Bitcoin, etc.) can co-exist as long as government does not demand monopoly power over over media of exchange. For the near future, the dollar will tend to be preferred because (1) the public is used to dealing in dollars and (2) governments demand dollars for payment of taxes, purchase services in dollars, and pay benefits in dollars. But this could change if inflation takes-off.


33 posted on 12/02/2013 9:19:05 AM PST by Socon-Econ ( is no model of USA-style democracy)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Socon-Econ

I agree.


35 posted on 12/02/2013 9:20:37 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
[ Post Reply | Private Reply | To 33 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson