"But it would torpedo their economy as well..'
We are linear, goal seeking creatures in a cyclical, circular, reciprocal, feedback generated reality.
I guess I've said some of this in the first post, but;
As executive and regulatory function, government is analogous to the central nervous system, while money and banking mirror blood and the circulation system.
We've evolved to the point of realizing government works best as a public utility, but haven't understood similar principles apply to banking.
Which has given banking the upper hand, since they don't have nearly as much oversight and don't have to work around election cycles.
As a medium, we own money like we own the section of road we are using, or the air and water flowing through our bodies. It's not our picture on it, we don't hold the copyrights and are not responsible for its value, like a personal check. It really is a form of public utility, like roads.
Gold really isn't a good medium, because it can't be regulated to the size of the economy and the normal feedback loop of wealth and power being used to collect more wealth and power works much more quickly in such situations. "Cross of Gold." "The golden rule. Those with the gold, rule."
Crypto currencies are just a version of the same process, where the dynamic becomes more about accumulating the most chits, than a healthy, functioning society. What if the purpose of roads was for everyone to collect them, rather than use them?
Life is a dance, not a race.
Here is about the only move in the right direction;
