On this site, even those of us who don't wholeheartedly embrace some implementation of a gold standard are somewhat familiar with the arguments advanced in favor of gold as money, as a unit of value, as a bulwark against inflation and hidden taxation, etc. Historically, even those who have...
It is well know that, the first documented paper money system of the world emerged in 10th century of China. But little has been known that, it was backed by a "Iron Standard", and it went through a full cycle of its own version of "free banking era", "cartelization", "socialized fractional...
Would any of you be interested in using a gold-backed debit card?
That is, you'd have an account of gold. You would own the gold, not dollars. Upon swiping the card to pay for your meal or shopping or whatever (or having it auto-debited to pay for rent or electricity) dollars would be...