I was in a room full of University lecturers, and this one man was giving a speech/lecture. He has a PHD in economics and is an economic type of guy (well he teaches advance economics at Flinders University). The lecture was basically about 'central issuing currency governments' aka CICG. He was basically praising them and saying how its good that the governments can issue currency when ever they want and he was praising the fiat monetary system. I think he was a keynesian (can someone elaborate). I talked to him about 'a gold standard'. I mentioned to him how the Federal Reserve was private and majority of central banks are private and told him facts. He dismissed them and tried to get away from me as fast as he can. He seemed like he liked living in fairy land and was a wannabe Ben Bernanke. And he couldn't care less for the shiny stuff. I guess he likes devalued peices of paper.
