<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">On Feb 28, 2020, at 1:37 PM, John Clark via extropy-chat <extropy-chat@lists.extropy.org> wrote:<blockquote type="cite"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:Arial,Helvetica,sans-serif">On Fri, Feb 28, 2020 at 4:19 PM spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:</span> </div></div><div class="gmail_quote"><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div lang="EN-US"><div class="gmail-m_4977617056070355077WordSection1"><p class="MsoNormal"><span class="gmail-m_4977617056070355077gmaildefault"><i><span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> </span>The bad part is that the Federal Reserve has any ammunition of any kind. </i></span></p></div></div></blockquote><div class="gmail_default" style=""><font face="arial, helvetica, sans-serif"></font><font size="4">If we were starting from scratch there might be better ways to go but we're very far from starting from scratch so we're stuck with it. Things are going to be chaotic enough without experimentally switching over to gold and making Australia the most powerful force in the world economy with South Africa being #2, or even worse switching to Bitcoin and have Satoshi Nakamoto become emperor of the world. It's just not practical to change at this late date.</font></div></div></div></div></blockquote><br><div><span style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);">The libertarian switch would be to not having government involved in money — not in mandating gold, Bitcoin, or whatever.</span></div><div><br></div><div>I’m not sure one will ever have the optimal time to dismantle the current system — in other words, if there’ll ever be a time it’ll be painless. It’s kind of like abolishing slavery. It’s going to cause disruption, but that can’t be the go to argue against it.<br style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><br>Also, discussing alternatives here should never be quashed with such concerns.<br><br style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><div dir="ltr" style="caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);"><div style="line-height: normal;"><div style="line-height: normal;"><span style="line-height: 20px;">Regards,</span></div><div style="line-height: normal;"><span style="line-height: 20px;"><br></span></div><div><div style="line-height: normal;"><span style="line-height: 20px;">Dan</span></div><div style="line-height: normal;"><span style="line-height: 20px;"> Sample my Kindle books at:</span></div><div style="line-height: normal;"><p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">http://author.to/DanUst</span></p></div></div></div></div></div></body></html>