Sunday, February 5, 2012

The Argument for Bimetallism

Bimetallism is a monetary system that proposes that our monetary standard be based of both gold and silver.

Now, what makes this better or different from the gold standard and fiat money?

See, the gold standard has a great history of creating wealth disparity with it's inherent deflation, and fiat money is always under the control of the government, or in the case of the Federal Reserve, the corporations.

A bimetallic standard has neither, with moderate inflation that doesn't go out of control. The corporations' AND government's powers are limited, and we have a more balanced economy.

Now, switching to silver would not automatically make a better economy like what the Populists say it would be. But, it will definitely be an improvement over our current system of corporate control over the value of our money.

After all, we are not after Utopia, but rather a better world for all. Not a perfect one.