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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="InfleXion, post: 1362972, member: 29012"]I think the burden of proof is on fiat currency which has never had an implementation that did not fail other than the ongoing current one which has caused debt levels never before seen, and lead to a technocratic society as opposed to a democratic one. So I would hardly give it a passing grade at this point anyway. Bartering isn't the ideal way to go either, but precious metals have proven to enforce sound money countless times throughout history simply by their nature and role in the free market. It isn't the same as commodity bartering unless there is no reliable price discovery mechanism in place, or else then you have a barter system regardless.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1362972, member: 29012"]I think the burden of proof is on fiat currency which has never had an implementation that did not fail other than the ongoing current one which has caused debt levels never before seen, and lead to a technocratic society as opposed to a democratic one. So I would hardly give it a passing grade at this point anyway. Bartering isn't the ideal way to go either, but precious metals have proven to enforce sound money countless times throughout history simply by their nature and role in the free market. It isn't the same as commodity bartering unless there is no reliable price discovery mechanism in place, or else then you have a barter system regardless.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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