The Monetary System of the Future?
A friend sends me this photo from some of the recent protests.
The sign says, "1. End Debt-based Fiat currencies. 2. End Fractional Reserve and Compound Interest Banking. 3. End the Fed."
Question for class discussion: What kind of monetary system would satisfy these demands? What are the pros and cons of this alternative system?
The sign says, "1. End Debt-based Fiat currencies. 2. End Fractional Reserve and Compound Interest Banking. 3. End the Fed."
Question for class discussion: What kind of monetary system would satisfy these demands? What are the pros and cons of this alternative system?
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