Re: This just in, government owns your gold and silver
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Ok, if we are in a situation where people can make their own currency this is what an accountable person would be for that. Someone that I could directly punish by not using their currency and moving my business to another currency place. Then I could write in my blog telling people about my horror story with this old currency provider that mass produced their currency and based it upon nothing and continually tried to make me poor by making the currency I got from them worthless. Then more people would know about it and the old place I got my currency from would have to think twice before they decide to run a currency system that does not benefit the people who use that currency.
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What if your business goes belly up from this bad currency? What if the currency only goes bad because I do an awesome job of making counterfeits? Should the US courts be responsible for enforcing laws wrt your private currency problems?
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Only to the same extent they want to take it upon themselves to arbitrate any private property/contractual disputes.
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