The invention of monopoly fiat currency has given our national governments power never precedented before during a time of peace. At no other point in history that I'm aware have governments been free from the constraints of revenue raising as the modern state is since a gold standard was completely abandoned in 1971. The significance of this fact is that the State is now more powerful and more removed from those it governs. Given that it governs within reason, it is quite plausible that barring monumental social change (likely to be brought about by technological advancement and necessity ie threats to human survival) it is possible that the State as we know it, a centrally planned behemoth loosely based upon democratic principles is likely to remain with us for a very long time. Perhaps indefinitely. The aim of this thread is to gather together some thoughts from a variety of authors on the implications that a monopoly fiat currency has on our economic, financial and political systems. And I'll do what old @bordsilver used to do when he chose to bless us with his presence, I'll break this thread up into a number posts. Feel free to chuck in whatever you find or any opinions you may hold.