Tao Economics

Back in 2003 and 2004 I got into the Liberty Dollar, for those that don't know the liberty dollar made silver rounds for people to barter with. I loved the idea to have currency competition in the United States. We believe that we are in a free market but we are only allowed to use one type of currency? Hah! Free market indeed. Protecting your purchasing power with hard money made a lot sense to me at the time. The Liberty Dollar crashed and burn because they made it look to much like government money, also many people had a hard time of getting around to paying way over the spot price of silver. Silver sky rocketed and made the premium of Liberty Dollars look like a good deal. So basically it worked. Long story short the government sued the LIberty Dollar owner for "deceiving" folks into thinking that these silver rounds were issued by the government. Sadly this whole mess could have been avoided if they rounds were designed differently. The owner is now looking at 10 years in prison. Yeesh.

Silver is great for barter, however silver prices have sky rocketed leaving a gap to be filled for smaller type purchases. The days of $10 and $20 silver rounds are over. So can copper fill in the demand for smaller purchases in a barter system? I think so!

Copper medallions are starting to gain some traction as inflation becomes more obvious to all. There are some beautiful medallions that you can order directly from the aoc mint website. Strategically the best way to implement a copper and silver bartering system would be to start in a small town, where it can take off and thrive. If you own a local business great! All you have to do is order copper and silver rounds in bulk and offer them as change to your customers. Or you can try and make a pitch to local business owners, explain how using hard money in a barter system will protect the town and build wealth over time.

I think that offering the citizens of a small town a chance to protect their purchasing power from the ravages of inflation is an easy sell. Planting that seed will help the town and it's people to get on the right track for real wealth building through stable hard money and barter.