Comment Re:What a bunch of hooye, total garbage (Score 2, Interesting) 91
however real money
There is no real money. Its a trust system. You have only perception of value.
as in money that is not fiat
There is no real money. Its a trust system. You have only perception of value.
namely gold stood in the way of governments
Gold has no intrinsic value by itself. Its a rare metal. Its not money. Its perceived value is not even stable across time. Again, its a rare metal in a trust system. Gold has value for you because you can exchange it for stuff you actually need. Other people accept it exactly because of the same motive. Oddly enough, if gold was rated at production cost, would probably be way cheaper today than it was 150 years ago (you know, before combustion engines and dynamite and TNT). Why people like gold so much? Its a noble metal, shiny and it doesn't oxidate. What's not to like?
In any case, governments have no legitimate role in money manipulation
You mean, the same governments that actually LEGISLATE about what and how the currency system works, and how, how much and how far transactions will be taxed?
Keynes was not an economist, he was a charlatan
It may be the case, but because even a 4th grader can dismantle your arguments, I'd take your opinion with a grain of salt.
you do need to understand what money is
Apparently you feel lonely. I'd suggest you'd start with the basics.