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180

(post is archived)

[–] 1 pt

Stop all student loans.

Indeed. Debt slavery is illegal, and the feds have no right to issue these loans to create debt slaves.

Go back to the gold standard or something other than fiat.

Founding Fathers seemed to by hype on silver, even establishing by law (in 1792) that the US dollar is equal to 371.25 grains of silver. Conservatives in the cult of JFK will maintain that JFK was trying to bring back the silver standard with his EO 11110, but the direct reading of it is that he killed the silver standard for big business, one of the first to invoke the "we can't use precious metals for money because precious metals are needed for manufacturing" argument.

[–] 0 pt

I would say a mixture of silver, gold, platinum, and palladium is it? Any finite resource would do really. Well, until we get to space mining when the whole system would collapse. But that is why you would base it on a few rare metals so that if someone does bring back a giant gold asteroid you can deal with at situation.

[–] 2 pts

Thomas Paine wrote that the precious metal system only worked because no one could create more of them, despite centuries of trying.

Ole "OG T-Paine" and his Founding Father friends didn't know about the potential to go to space and lasso an asteroid chockablock with these precious metals, but with 2021's NASA being less competent than 1969's NASA, I'm sure we'll be long gone before we start sending out the space cowboys to do asteroid roundups.

So long as gold/silver have uses besides just being currency, I think they could survive as a currency system even if some space cowboys brought back a giant nugget of it, as from the gold advocates I've learned that gold has remained remarkably stable in value over the centuries, despite the various gold rushes and continued introduction of newly-mined gold into circulation.