Here on Planet Reagan the real problem of Libertarianism of the Paulist sort is that their insistence on a metallic backed money supply assumes that the supply of a scare resource is relatively stable. As a non-
fiat money, its value is materially located and relatively fixed in time and space hence limiting its use as an exchange unit, yet the threat of that asymmetry or absence could be an important bargaining signal. A global gold standard seems naturally false as an assumption:
The unequal distribution of gold deposits makes the gold standard more advantageous for those countries that produce gold. In 2010 the largest producers of gold, in order, were China, Australia, US, South Africa and Russia. The country with the largest reserves is Australia.
OTOH, here on Planet Ronnie, the notion of such asymmetry is the core of the unfortunate false consciousness of Paulist Libertarianism where you're either rich, or ignorantly poor, and in either case committed to the same expectations of self-governance in ignorance of social contracts or even human sensibility. Add to this the assumption of a tax-free minimal state, mining Planet Reagan whether for uranium or gold, renders the possibility of public policy remedies oxymoronic but with
doomsday Rapture machine possibilities.
Democratic Rep. Pete DeFazio of Oregon said a more fitting tribute would be to name Yucca Mountain after Reagan. Steps taken to develop Yucca Mountain as a nuclear waste repository accelerated during Reagan’s presidency. Nevadans are overwhelmingly opposed to the proposed waste repository and members of the state’s congressional delegation have worked diligently to kill it.
“If we were going to name something after the president, it ought to be something that actually had to do with the president’s service in office, and something the president supported that was extraordinarily significant to the state of Nevada,” DeFazio said.
Rep. Jared Huffman, D-Calif., said he thought DeFazio’s amendment was “terrific” but wanted to take it a step further and name the planet after Reagan.
“We may want to consider going big with this Reagan-naming enthusiasm,” Huffman said. “I’m beginning to see some possibilities in this.”
Huffman said his reasoning was that if the planet were named after Reagan, then Republicans might be more concerned with taking up legislation dealing with global warming.
The ecological solution to which this points is cinematic yet Libertarian:
Auric Goldfinger for President.
Bond is recaptured while eavesdropping and tells Goldfinger the reasons why his stated plan to rob the gold repository won't work. Goldfinger hints he doesn't intend to steal the gold, and Bond deduces that Goldfinger will detonate an atomic device containing cobalt and iodine inside the vault, which would supposedly render the gold useless for 58 years. This will increase the value of Goldfinger's own gold and give the Chinese an advantage from the potential economic chaos. Should the authorities be alerted, he would simply detonate the bomb in a major city or target.
"I think they're going to move to gold," says Paul. "Gold is going to be the safe haven which it's been for 6,000 years."
Besides aesthetic reasons people like gold, Paul says it also serves a practical policy purpose.
"The most important thing about gold," says Paul "is it restrains the temptation of those who think they know best in what interest rates should be and what the money supply should be." Link
Problem solved for the budding Paulista, save one remaining problem:
desquamation or the shedding of dry skin