[2316] Of would goldbugs support a large diverse monetary union?

I took a long hard look at a one-euro coin in my hand while I was on a train to Versailles from Paris. For a huge monetary policy controversy across the Eurozone, the coin does not look so special. It is a small unassuming bimetal. Not too many would take a second look at it. […]

Libertarians generally are in favor of commodity-backed currency. This is largely based on typical libertarian attitude towards the state: do not trust them. Others who are not quite libertarian share the same idea about trust. They really have trouble believing that a piece of paper worth something when it is only backed by some promise. […]

The idea of the issuance of gold dinar and silver dirham as currency in Kelantan is not new but this week, the northern Malaysian state has decided to go ahead with it finally.[0] This will be a lesson demonstrating the superiority of ¬†fiat currency to that which is backed by commodity: commodity-backed currency simply does […]