The Federal Reserve

[Bono]

Totally unfavorable. I'm on favor of a decentralized currency, which would probabily consist of gold.

[Bono]

Why would Platinum be better? I'm not necessarily opposed to the idea, but gold iand silver are the traditional standards for currency. Platinum is going for about $830 per ounce right now and gold is about $440. Whats the advantage?

I stated Platinum for the fact it's worth more and has a higher demand. And someone said earlier "You just can't dig 4 trillion dollars in gold out of the ground". I'm sure you can dig that much in Platinum.

You don't need to dig trillions of gold. YOu just need to value gold at a certain value that covers the curent money supply. For instance, for today's situation, it would take to value that gold at $4000 an ounce, or 0.00025 ounces per dollar.
The Myth of Insuficient Gold

[Bono]

But what is the point?

The Case for a Genuine Gold Dollar, by Murray Rothbard

Gold And Economic Freedom, by Alan Greenspan

Keep in mind Greenspan never recanted any of the views expressed on that essay.

[Bono]

What, in short, is the benefit?

No monetary inflation(except that made by teh increase of the amound of gold extracted, which is meaningless.)

[Bono]

It's no more meaningless than government creating new money.

It's much easier to create pieces of paper than to 'create' gold. Unless you believe in alchemy.

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Or we could privatize currency.

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SO, they should get productivity in exchange for neat but useless pieces of paper?

SO,