18 August 2013

Empire Building, Fiat Currencies and the Future

The first step to recovery...

Every great empire collapse eventually, there is no escaping this eventuality. Rome is probably the greatest example of this type of collapse.

The first stage of this collapse (though not necessarily sequential) is monetary debasement. Rome diluted it Dinarius to the point that it would no longer accept the government currency as payment for its own taxes.

The second stage of collapse is empire building. When combined with the debasement of currency, the act of spreading thin the resources of society guarantee the collapse from which no society can escape, but there is another way.

Agorism is the effort to return to a market system in which people engage in voluntary exchanges for mutual benefit without the encumberance of the state. By returning to an economic system in which few regard the state as legitimate or necessary, we can return to a thriving, productive society in which everyone benefits, but none benefit at the expense of others.

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