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Is it time to focus on clad coinage?
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<p>[QUOTE="cladking, post: 1260136, member: 68"]Another fine point many forget is that the gold based monetary system failed and the fiat system is still in use.</p><p><br /></p><p>This is ironic but the bottom line is that it's politicians who destroy the money. In a democracy it's we the people who vote for politicians who promise to increase spending and decrease taxes. They rarely deliver on promises but these are a couple that almost every politician from the begiining of time have kept. So long as we have a failed educational system it will be difficult to elect statesmen. </p><p><br /></p><p>Anyone who thinks that a gold, silver, or any commodity based system might work is forgetting the lessons of history. These have always failed periodically because the perception of the commodity changes. Monetary panics in the modern world could prove deadly since even food production runs on money. There is no food that doesn't come out of one sort of factory or another. </p><p><br /></p><p>This really is drifting off topic but the best monetary system would be one based on GDP and the currency itself would pay a dividend in years of growth. This would require a government that spends within its means almost every single year. </p><p><br /></p><p>The point of the thread though is that today, right now, clad has been the only money of the land for 46 years and has been ignored by collectors for the main part largely because they don't even consider clads to be real money or real coins. The bottom line is that this is probably a distinction that is going to be lost on future generations who will collect them because clads are what they grew up with. It won't really matter to a collector who needs a nice VF or better '87-D whether its a coin or a token.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1260136, member: 68"]Another fine point many forget is that the gold based monetary system failed and the fiat system is still in use. This is ironic but the bottom line is that it's politicians who destroy the money. In a democracy it's we the people who vote for politicians who promise to increase spending and decrease taxes. They rarely deliver on promises but these are a couple that almost every politician from the begiining of time have kept. So long as we have a failed educational system it will be difficult to elect statesmen. Anyone who thinks that a gold, silver, or any commodity based system might work is forgetting the lessons of history. These have always failed periodically because the perception of the commodity changes. Monetary panics in the modern world could prove deadly since even food production runs on money. There is no food that doesn't come out of one sort of factory or another. This really is drifting off topic but the best monetary system would be one based on GDP and the currency itself would pay a dividend in years of growth. This would require a government that spends within its means almost every single year. The point of the thread though is that today, right now, clad has been the only money of the land for 46 years and has been ignored by collectors for the main part largely because they don't even consider clads to be real money or real coins. The bottom line is that this is probably a distinction that is going to be lost on future generations who will collect them because clads are what they grew up with. It won't really matter to a collector who needs a nice VF or better '87-D whether its a coin or a token.[/QUOTE]
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