Hard Money

It is interesting to read about the "hard-money" concepts. I might not have been paying attention but I would hazard to guess that monetary policy was a chapter in high school history or something.

What If Governments Had Not Destroyed Money? - Thorsten Polleit - Mises Institute:
"Ludwig von Mises went to great lengths to rationalise and preserve a monetary system that would be compatible with the ideals of a free market society. It is important to note that from Mises' perspective, preserving 'sound money' was not an end it itself, or a principle defended on ideological or moral grounds, [1] but a necessary (pre-)condition for maintaining a free market order:

'It is impossible to grasp the meaning of the idea of sound money if one does not realise that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically, it belongs in the same class with political constitutions and bills of right.' [2] In an attempt to allow the money system to return to the gold standard, Mises had an unmistakable policy recommendation for national governments and the US government in particular, namely: stop creating new money."

It is clear that the relativity of the value of currency is part of the fear that is roiling our markets. Being a big fan of relativity, I am not inherently against it. Part of what Mises is getting at is the potential for abuse in our current market system but I have yet to see a human system that is not abusable. Humans=corruption. But then again I am biased as I look forward to trying to capitalize on/in the current market despite the issues.

It seems impossible to go back, but I would not be the first person who lacks the imagination to change a potentially self destructive behavior.