Alternatives to the Federal Reserve

Our economy is amazing. Americans are linked to China, Germany, and Japan by the things we buy and sell. This stabilizing force of international cooperation needs to be anchored on something more secure than the U. S. dollar or any other form of government currency.

Bitcoin is a digital currency that supports transactions directly between two individuals without the support of a bank or third party. It is open source, meaning the software is transparent and free. Regardless of whether bitcoin is a worthy currency, the idea is imperative to the stabilization and economic liberty of the world.

The banking system of the Untited States currently operates on the principle that some bankers are so freakin’ smart that they can decide what the ideal interest rate should be. No one entity is that smart.

I would rather have digital gold. Digital gold would be something so widely accepted that almost everyone uses it, a fixed quantity. It would be a computer program that cannot increase the money supply and still remain part of the same program. Thus, it would not remain the same currency.

Private banking systems could easily set atop digital gold systems. A private bank invents it’s own separate currency out of thin air. The advantage is that debt can create even more money through loans. When the debt falls and the loans fail, we would still have digital gold. We would still be free, with a separate loan free currency.

Apple and Unrelated Food

I am deeply troubled that the ideals I value are not treasured by our people. I don’t want to give some vague sense that, as a nation, we aren’t what we’re ‘spose to be. We’re not, but I want individuals to realize what’s important, effective, and powerful. I want people to have more than a naive understanding of liberty. I’ll start with patents. Apple is abusing it’s power through litigation.

Governments become a harmful force to the consumer when they hinder competition to provide goods and services by enforcing patent laws. If a person has an innovative idea to serve the end consumer, they should not have to consult the government. Charging other people for an idea they might have easily thought up or discovered themselves is flopdoodle. 

Government giving anyone money is flopdoodle, really. If my neighbor is starving (without food stamps) he’ll come to me for help. This makes me feel needed, and creates a bond of friendship. It builds communities at the local level.

Honestly, I’m not excited about my neighbor coming to me, but I’d help. Why are we comfortable with the government redistributing? Mass redistribution causes price increases in the grocery store. Only handout to the truly hurting. 

In short, the principal is liberty. Take the smallest individual and maximize his liberty. Do this mutually for all individuals and you have a free economy. We are not free. Money is efficient sharing. We have converted it into efficient stealing.

Infinite Demand

I love the free market, but am baffled by it. When we are so efficient at providing goods and services, how can everyone be employed? They're not all employed, but even now, most are.

Excessive material consumption is bad. There is a limited amount of oil and coal for example. Keeping material possessions at a minimum is a positive ideal. Lowering this consumption minimizes an individuals environmental impact.

The question, is a free market system sustainable without evil over consumption and disposal of physical objects? I'll look at what I own and buy, because I think I live at a minimum (materially).

Okay, so I have a netbook. It is about the most technologically advanced thing there is. Making this tiny object employs a lot of people. Perhaps, there is a way to consume less material, and still provide demand for private sector jobs.

I have to know everything. Math is important to me. I suppose by demanding an education I create demand for all those who support it. Maybe there are jobs there. No material consumed, but wait. We just created an entire college campus, I guess the environment is doomed :)

In all fairness, I have a small Metro. I'm using it to destroy our air. I'd have to say that my environmental footprint is considerable, but I've come to one conclusion... My desire to do things with my life, even things that do not create physical objects, demands a lot.

This infinite demand will create nanotechnology, genetic engineering, and innovation. Things that don't necessarily generate high volume trash.

But what happens to the educationally lazy? Entertainment, its a phenomena, but I think everyone is okay. I think we can create demand without demanding material. The economy is sustainable. The service industry makes us rich, not manufacturing.