Edwin Riegel

topic posted Mon, January 17, 2005 - 9:29 PM by  phil
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Anyone know anything about this guy?

www.newapproachtofreedom.info/
posted by:
phil
Brazil
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  • Re: Edwin Riegel

    Tue, January 18, 2005 - 2:34 PM
    Interesting crankery. He starts off with the common "debt money is not real money" and "inflation will destroy the world" crankery, but then instead of saying "money is a commodity and should be backed by gold" he takes a strange turn, says "money is a unit of account" and invents LETS.

    It's the only defense of LETS I've ever read. And it's as incoherent and self-contradictory as any defense of LETS would have to be.

    Well, you know what I think of LETS. But it's reassuring to see that when someone actually tries to explain how LETS is supposed to work that they can't do it.

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