Just imagine, while your US Dollars are losing purchasing power, the Liberty Dollars are appreciating in value and rewarding everyone holding the new gold and silver currency that keeps pace with inflation.Anyway, I don't think much was gained by arresting the couple in the NYT story, but I might support keeping them in jail anyway just to keep them from breeding.
Plus the Liberty Dollar is easy for merchants and customers use because it functions dollar-for-dollar with the US dollar as its "unit of account" is exactly the same.
Saturday, September 29, 2007
making money making money
NYT has a story about a couple that was arrested following their attempted use of "Liberty Dollars" at a restaurant. The couple has a blog about their arrest. I've just now spent several minutes reading the website for Liberty Dollars, "America's second most popular currency." This guy is making his own money and selling it. The pitch is that the money is backed by actual silver, although the silver it is backed by is only about half what silver trades for on the open market. Since buying these dollars is a purchase that fundamentally makes no sense--other than the mirth of having a coin with Ron Paul's face on it--the guy has to come up with reasons why one should do it anyway, and he does it with gusto. Wrap your head around these consecutive sentences: