A form of money cannot be imposed, it arises spontaneously; the reason we now value fiat is that we recollect, collectively, that it was once valuable and it was so for its redeemability into gold.
Since money cannot be imposed, when (fiat) money goes the Government will resort to demanding the food, or labour of its citizens which will be more difficult. People will not see a compelling reason to provide these things since the nature of the arrangement will be more apparent and familiarity (with authority) breeds contempt. What will the Government demand after the hyperinflation? It will be an attempt to impose a form of money and will fail. The Government will be in a situation where they have no choice but to find something better to do. To try to use the Government as a cloak to justify coercion will be useless and a waste of time, people (formerly in the Government) will get on with their lives instead.
The crazy Government and politicians will find something else to do when people wise up to the trick of fiat currency and the (modern) lack of redeemability. By then it will be over.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment