Saturday, August 20, 2011

How the Swiss Might Save Civilization

Here is an interview with Thomas Jacob regarding an effort in Switzerland to introduce a competing currency - a gold franc.  This is not some kind of pipe-dream, but has been introduced as a "parliamentary initiative" on March 8.  Moreover, the Swiss can place any issue on the national ballot with only 100,000 signatures.

I like the way he frames the issue as one of freedom of choice.  Even if Socialist-Keynsian Republican-Democrat welfare-warfare statists are opposed to hard currency, who could argue with freedom of choice?  If hard currency is a bad idea, the free market will prove it.  If a fiat dollar is more reliable than gold, it will outperform the gold franc.


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