01-31-2016, 04:37 PM
Quote:We are not talking about bitcoins, cheques, credit cards etc here, we are talking about government issued legal tender that can be used to pay for anything.
Of course, the ancillary currencies couldn't hope to inflict the level of death and misery that their legal tender alternative counterparts do.
Quote:Creating money to keep people employed and have economies flowing through communities so that they can function correctly is not irresponsible.
That was the intent of Weimar policy. Excessive debt and creation of new currency have proven to be the most destructive economic policy the world has ever seen. It wasn't done to bolster the wealthy, it was an attempt to save the working class and the government itself. If you want to call the results of that sound economic policy......