Banning cash and NEGATIVE interst rates.

@dollars, I just interpreted your comment to mean that if cash is not offered, then you'd be free to take the goods for sale. Clearly I got it wrong.

As far as the rest of your post goes, I wholeheartedly agree and it shows how important "good faith" is in many transactions we do and how it assists the transaction process.

 

Dunno anything about Fallout, but if the bottle tops have absolutely no value as a currency then yes, they would make a perfect substitute for USD as a unit of account for international trade.

 

Hard currency was invented in order to fund State sponsored violence whether against foreigners or its own citizens. Further, the larger the hoard of hard currency the larger the security required to protect it. It is also prone to devaluation, fluctuating commodity prices and the flow of international trade.

It is therefore neither sound nor stable.

 

The anarchist bit = yes, the communist bit of Kropotkin = No.

I'm from the camp that holds that debt eg IOUs recorded on ledgers was the first form of "money". As states began to grow rulers needed to have armies of men at their ready so hard currencies were introduced to pay soldiers so that they could meet their needs. Merchants and regular types weren't too fond of issuing credit to what were essentially paid killers because of the general nature of soldiers in those times were able exchange value using hard currencies produced by the State.

1. Embrace libertarianism.

2. Embrace competing currencies that can be inflated/deflated in response to the price of goods.

As long as the State exists, and as long as one of its functions is to provide services to its citizens, there will always be a need for fiat. The issue of State sponsored violence is not fiat's doing, it just makes it easier to fund. The solution is not to change how it is funded, but change the mentality of those who seek violence as a means to an end.