Whew. The hustle and bustle of the holidays is starting to end, and boy do I have a passel of things to post about (though we’ll have to see if many of them ever see the light of day).
Most interesting to me is the news that Ron Paul has introduced a bill called the “Free Competition in Currency Act” (and let me tell you … finding the actual text of the bill, as opposed to just Paul’s speech introducing it, took a bit of Google digging).
It will be interesting to see just what happens with this particular bill. I can think of absolutely no good reason that the government should not allow competing currencies. I suspect that if people started exchanging actual gold and silver it might well further destabilize the dollar, but I count that as a positive thing since the Federal Reserve’s meddling with the money supply has essentially been defrauding people of the fruits of their labor for some time now anyway.
That defrauding is the exact reason that I’ve started to track the gold and silver markets and invest there. In fact, I’m even considering pegging the rates I charge for my business based on something like a 30-day moving average of the price of gold in USD. We’ll see where that goes, though …
Socialists love to look toward the government to control monopolies, but why allow the government to monopolize the money supply?