> "Because I’m sort of a believer in currency having value," Paul said in a separate interview, "if you’re going to create a currency, have it backed up by—you know, Hayek used to talk about a basket of commodities? You could have a basket of stocks, and have some exchangeability, because it’s hard for people like me who are a bit tangible. But you could have an average of stocks. I’m wondering if that’s the next permutation."
What? "Aw shucks, silly ol' me, you know, fiat currencies just seem like voodoo to my good ol' down-home values. You know, just, uh, what's it worth, ya know? I'm just sayin' I don't understand all this gobbeldy-gook these economists are throwing around, but I know I don't trust it."
> What if Bitcoin or Wal-Coin was exchangeable for Wal-Mart stock?
Does he understand how stock or bitcoin function? I would really hope somebody at the forefront of the fight against the Fed and the dollar would understand these things more than your average biologist.
What? "Aw shucks, silly ol' me, you know, fiat currencies just seem like voodoo to my good ol' down-home values. You know, just, uh, what's it worth, ya know? I'm just sayin' I don't understand all this gobbeldy-gook these economists are throwing around, but I know I don't trust it."
> What if Bitcoin or Wal-Coin was exchangeable for Wal-Mart stock?
Does he understand how stock or bitcoin function? I would really hope somebody at the forefront of the fight against the Fed and the dollar would understand these things more than your average biologist.