13 Nov '12, 7pm

Currencies of the Future

Many people complain about government control of currency, but only a few do something about it. I’m not talking about movements to “audit the Fed” and such. I’m talking about real innovation that makes an end run around the government’s iron grip on the monetary system. A few of us old folks might like to return to the days of slapping a silver dollar on the bar for a shot of whiskey, but the younger techno-savvy generation sees paying for their Negroni cocktail with virtual currency from their hand-held device. To serve this market, a new world of virtual currencies has popped up spontaneously. In a debate, Mitt Romney said, “You couldn’t have people opening up banks in their garage and making loans.” Really? Some people are thinking precisely along these lines and even going further to create new units of accounting. You might think these people are crazy. After all, to...

Full article: http://lfb.org/today/currencies-of-the-future/

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