Hi Robert --
The "public banking option" as explained by Moore, while not any worse than the current Federal Reserve scheme, leaves a lot to be desired.
My personal belief based on the study of Austrian economics and history is that we need monetary choice, and monetary freedom. A public banking option with a debt-free fiat currency *can* be a choice, but will *not* be an improvement if we suffer under legal tender laws and are coerced into using it.
A free market for money that allows currencies to compete on their own merits would be far preferable. Precious metals would certainly play a role in such an economy, as would government paper (subject to people's willingness to accept it voluntarily). Importantly, local barter-based alternatives reflecting local needs and resources would also arise -- such as agricultural commodities, for example.
I've not seen Moore's film either, but it seems he's mistaken corporatism for capitalism :-/
Cheers,
BJ
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I have repeatedly asked NOT to be included in these endless email list discussions. PLEASE remove my email from any and all such lists. Like Cats, I am happy to receive personal email, but not this group stuff.
Thank you,
Kent Wicker
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Subject: Re: E-Mail Foul-up
Correction
Please remove my name from this email list
I happily recieve personal emails, but do not wish to be in group mails, I have requested this before
Thank You
CatsR...@aol.com wrote:
> Please remove my name from this email list
> I happily recieve personal emails, but do not wish to be in group
> mails, I have requested this before
> Thank You
--