Bill Still — The Money Masters

Today we have a well-known documentary by Bill Still.

Still wants to get us out from under the slavery of The Bankers. His solution is basically Government Money. But, government money is not much of a solution either. Government Money resulted in the hyperinflation of the 1780s, which is why one of the principles of the Constitution was that government would be out of the money business.

I admit that it is not an easy problem to solve. For us today, I concur with the Free Banking people that a distributed system would be best, including numerous competing issuers of gold-based currency. We actually have something very much like this today, with many gold-based payment platforms including Lode, Kinesis, Glint, the United Precious Metals Association, and others.

Monopoly Money — either private central banks, or governments — tends to work out badly.