State by State

Apparently there is an entire country between Boston and San Francisco.

moon

moon

I have had it with gold bugs. Historical precedent notwithstanding there is nothing special about gold. Any commodity can serve a role of store of value. I get that people are scared of economy declining but that's no excuse to blow the gold bubble. Haven't we just learned how that story ends? Once society progresses past barter there is a need for money as a medium of exchange. The reason to use gold as money, the only reason really is lack of quick and cheap long distance communication. If you can instantaneously confirm that a person will be able to settle the bill at some point then you can hand them the goods in exchange for a promise. But if you cannot do that you need to collect something that has inherent value. And is small enough that you can easily handle it. And doesn't expire. And isn't easy to forge. And exists in sufficient quantities: not too much, not too little. Enter gold.