e-gold blog: Better Money Discussion

Better Money

The trademarked slogan “Better Money” is displayed on the homepage of the e-gold site. As best I recall, I came up with that one myself. In making this claim my intent was (and is) to stimulate thinking and discourse along the lines of “In what way(s) can one brand of money be better than another?” read more….

So how can one brand of money be better than another?

Money that does not lose its exchange value over time – relative to goods and services, relative to other brands of money – would generally be better than money that did. I say generally because, as with most propositions, there are exceptions -circumstances where some participants in a money economy stand to gain from a decline in exchange value. There are also circumstances where an increase in exchange value can be disruptive, creating winners and losers. At some point I hope to expand on this. It ties into (among other topics) discussions on balance of payments, an area where e-gold or any globally oriented and designed currency can alter or invalidate existing paradigms in an interesting way.

e-gold’s performance as a store of value perfectly mirrors physical gold since it is backed at all times by a 100% reserve. read more….