On Sun, Jun 12, 2011 at 10:44 PM, James A. Donald <jam...@echeque.com> wrote:
> On 2011-06-12 8:53 AM, Nico Williams wrote:
>> A fiat currency with no capital controls and reasonably free
>> trade is probably the best currency system yet.  Details do matter
>> though.
> If operated by far sighted men with an eye for the long term - for example
> if operated by a hereditary monarchy.
> Operated by the current lot of crooks who can scarcely see as far as the
> next election ...
I think Sparta had it right in this instance: put the public officials
on trial when their term is over, and make them accountable for their
actions. Its funny how those lessons were lost.

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