[Apollia]

Originally Posted by tobyhede

Some good introductions to the system:

Fiat Currency
Fractional Reserve Banking

Thanks!

Inflation is constructed to skim money off the top of the actual value creators in the economy - the people who make stuff, basically.

I regard usury much the same way.

It is possible to have a monetary system that is not dependent on inflation.

I guess a virtual currency wouldn't have to have inflation either - there could just be a fixed, unchanging amount of virtual money in existence without any new money ever being created.

I think I myself might actually prefer a physical currency backed by (or actually made of) gold or something, but, one of the advantages of a virtual currency is that there's nothing physical like gold or silver that an oppressive government could easily confiscate to enforce a currency monopoly.

Best wishes,
Apollia