Stamp currency
If we can’t trust the USD or any other currency as the reserve currency because governments keep devaluing them, then are we stuck with gold?
The trouble is that they can dig as much of that stuff out of the ground as they want.
Maybe we should use postal stamps as the default currency. They have the benefit that their value is related to a fixed service provision and not a metal nor just imaginary numbers in a computer, and there is already international transfer pricing agreement.
That is, instead of buying a stamp for 60 cents, you would buy 60 cents for a stamp.
The general idea of a currency fixed to a service provision has merit since our modern economies are so service driven these days. And it would float naturally with economy.
The trick is to only let the number of stamp promissory notes be printed as a fixed proportion to the number of postal services that are going to be provided. But how to stop them becoming assets in their own right???
