IPFS News Link • Currencies
Real Evil: Attributing the Creation of Money to the State
• The Daily BellDominant Social Theme: Money comes from government.
Free-Market Analysis: This is the fundamental fault line between freedom and statism and one reason we've spent so much time writing about it and have been subject to so many attacks.
1 Comments in Response to Real Evil: Attributing the Creation of Money to the State
True...paper money is a creation of those who secured gold and silver for its owners. It is only as good as the creator is trustworthy.
Bitcoins are an electronic version of paper fiat currency. It has perceived worth. It has all of the benefits paper currency has, had and even more. For a libertarian the free market can decide. What government does is eliminate the free market choices...only their currency can be used.
Not everyone wants to carry their gold and silver around with them all the time. It's heavy and can fall through pockets.