re: The Time Table for the Dollar

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WikiTiger

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You make a series of great points, but I think that even you would admit that some of them are Utopian. In reality, there are real dangers in a currency that doesn't have someone in control, as there is no one to be held accountable in the occurrence of their failure.

While your premise of competitive currency would allow people to choose which currency to hold and therefore allow people to eliminate that risk, you're completely and totally overrating the intelligence of the human race. Most Wal Mart cashiers have a really hard time making change. They can't do basic arithmetic and it's a part of their daily duties. Do you think they would be able to effectively monitor the risks associated with multiple currencies? I'm going with no.

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I watched the video, and it makes total sense to me, but I was left with only one thought:

It's still an artificially created problem due to the existence of nation states. So calling it "impossible" is a bit misleading, IMO. "Impossible in the current worldwide political paradigm trinity" is more accurate, but not as catchy.

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You win.



I don't think I've ever said that on this site before.