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Published on Feb 4, 2012
Debt-money is the evil, not fiat money. History provides examples of successful fiat money systems, which I claim are capable of supporting stability and prosperity, but only in a lawful society. A debt money system produces poverty and struggle. Gold will produce stability, but is a bad choice for creating unbridled prosperity; gold's scarcity is a good choice in a corrupt government to prevent excessive money, but scarcity cannot produce prosperity.