I'm going to post more about virtual currencies that revolution, as I (finally!) have the next piece of technology ready. However, I think the solution is a democratically managed fiat currency -- not a return to a gold standard. I'll outline how all that will work in the series I have planned. -- KM


It's a bit late to be talking this way but mainstream liberals like Roger Cohen are talking about the need to change the system toward a gold standard.

The Bretton Woods system of monetary management collapsed in 1971. Since then the dollar's been the primary reserve currency. Now, we're reaching another point where a rethink of the foundations for a global economy is needed.

Go to Full Article