Ron Paul: Let different currencies compete

Discussion in 'Politics' started by Dissent, Aug 17, 2012.

  1. Dissent
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  2. eflatminor
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    eflatminor Classical Liberal

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    But, but, but central price controls have worked so wonderfully in the past...:eusa_eh:

    Of course Paul is right...but don't expect anyone in Washington to actually relinquish an ounce of control. It's what they do.
     
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  3. 1ManRev
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    This is one of the few areas I actually disagree with RP. Yes, we should make the Fed's actions more transparent, and perhaps even end the Fed altogether, but opening up the floodgates for competing currencies would be a messy affair. In the early years of this country (when we were abiding by the Articles of Confederation), weren't there consistent issues with financial transactions in everyday life because each state had its own currency? I live in the Maryland, but am within 10 minutes drive of both Delaware and Pennsylvania, that would be annoying as hell if I had to carry different currencies in my wallet.
     
  4. GuyPinestra
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    GuyPinestra Senior Member

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    If you're old enough you saw what happened to JFK for trying to compete with the Fed...
     
  5. SayMyName
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    SayMyName Live, Love, Laugh.

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    An excelllent idea, but our government will simply not allow it. It would deprive them of far too much power, and make them do something to keep the value of the dollar sound.
     
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  6. 8537
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    8537 Senior Member

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    It worked so well with Wildcat currencies and bank-issued script last time around.
     
  7. Dissent
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    Mmhmm...not old enough but I have started reading up on it.

    [​IMG]

    [​IMG]
     
  8. GuyPinestra
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    GuyPinestra Senior Member

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    Which is why gold and silver were legal tender until the fools in DC were told by the Fed to end it.

    Precious metals currency keeps too much power out of the hands of private bankers.

    You can't run a fiat government without a fiat currency.
     
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