CHS — money not backed by ….. but made out of gold and silver (again)
Some interesting thoughts here.
https://www.zerohedge.com/markets/you-want-truly-sound-money-thought-experiment
But any coinage that is arbitrarily priced high enough to discourage hoarding of the underlying, would also entice counterfeiting of the coins beyond anything we see now.
What other problems can you spot? Like here:
“Furthermore, make it a federal crime to hold more than $5,000 in coinage. This limit is necessary to keep the wealthy from buying up and hoarding the nation’s coinage. To enforce this, each coin must have its own unique ID stamp so it can be tracked.”
Reverse split the dollar 100 to 1? Easy enough for electronic money. What about the rest?
CHS is asking some good questions, but he mints his answers like the Leftie from Hawaii who is has drunk too much koolaid from his Leftie surroundings.