Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”
(theconservativetreehouse.com)
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Just because something worked does not make it sound or right. You are describing pragmatism.
Those Seward greenbacks were issued by the US government and not by the private fractional reserve banking system. It was this reason probably more so than any other that the assassin Wilkes Booth was commissioned to murder President Lincoln.
There you go again with that bullshit. It's pretty clear he's not making the point that the greenbacks were "sound or right", but that people foregone the idea of PM backed currency and "trusted" the government at that time and didn't learn the lessons of the president's before about preventing the establishment of central banks and government owned wealth. On the contrary, he's proving your point. And to add, yes, he's 200% correct. Before we had currency, we had TRUST. To fix the money, you have to fix people's ability to trust in each other
"That bullshit" - ok well, have it out with Miss Rand then.
http://aynrandlexicon.com/lexicon/gold_standard.html
http://aynrandlexicon.com/lexicon/pragmatism.html
Calmer than you are. WTF?