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Sorry, Chris, I'm just an old peasant.  When I see "land-based", I think land.  What you're describing there is backing the currency with an income stream, which seems more modernly orthodox and flexible.
by rifek on Thu Oct 20th, 2011 at 11:59:11 PM EST
[ Parent ]
But the main income stream Chris is talking about is a land rental value stream.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Fri Oct 21st, 2011 at 02:49:10 AM EST
[ Parent ]
True dat

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Fri Oct 21st, 2011 at 08:27:10 PM EST
[ Parent ]
And this is apparently where I'm getting confused.  The US$ is already significantly backed by land-based revenue streams, which is what the ability to buy into a REIT or other real estate holding entity is.  What is this proposal adding?  REITs for government land?
by rifek on Sat Oct 22nd, 2011 at 12:05:06 PM EST
[ Parent ]

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