idk if currency needs to be backed by labor or precious metals, but it seems like it shouldn't inflate or be subject to interest on loan schemes
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1 year ago
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2
1 year ago
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It should be less susceptible to usury at least.
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1 year ago
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" "We were not foolish enough to try to make a currency backed by gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. ...we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank."
Adolf Hitler, quoted in "Hitler's Monetary
System, " C. C. Veith, Citadels of Chaos (Meador, 1949)"
" "We were not foolish enough to try to make a currency backed by gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. ...we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank."
Adolf Hitler, quoted in "Hitler's Monetary
System, " C. C. Veith, Citadels of Chaos (Meador, 1949)"
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