After a long hiatus, I decided to return to this blog and give it new life for a slightly different purpose. I just created a forum known as Liberty Torch, and this blog will now serve as the forum's official blog. I changed this blog's name accordingly, especially since I renounced my self-identification as a 'liberal-socialist'. I will also be changing the blog's visual appearance.
I hope that this forum and blog would grow to be something of note.
Please note that some of the past posts in this blog are old. They do not represent my current views, and I personally think that they are pretty bad structurally.
Friday, May 17, 2013
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.
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.
Saturday, January 14, 2012
Economic Constitutionalism
Constitutions have been a successful force to limit prospects of Tyranny, as the very existence of blogs that question the current state have shown. (Thank goodness for the people who ratified the Bill of Rights.)
However, government constitutions are powerless to stop corporations from preventing free speech and other rights from within their ranks. (At the threat of losing the offender's job.)
We should have an economic constitution that regulates businesses from undemocratic excesses of power within and monopolistic excesses too. The constitution would enforce a direct democratic (cooperative) structure for all businesses, and several fundamental rights like freedom of speech and such. At the same time, the economic constitution would function like a set of anti-monopoly regulations to make sure that the free market stays free.
Constitutions have a great history of limiting government power to coerce individuals, so constitutions in the economy can limit businesses from turning into the 40-hour dictatorships that plague our current society.
However, government constitutions are powerless to stop corporations from preventing free speech and other rights from within their ranks. (At the threat of losing the offender's job.)
We should have an economic constitution that regulates businesses from undemocratic excesses of power within and monopolistic excesses too. The constitution would enforce a direct democratic (cooperative) structure for all businesses, and several fundamental rights like freedom of speech and such. At the same time, the economic constitution would function like a set of anti-monopoly regulations to make sure that the free market stays free.
Constitutions have a great history of limiting government power to coerce individuals, so constitutions in the economy can limit businesses from turning into the 40-hour dictatorships that plague our current society.
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