Those who love political centralization would like to have a global currency under the control of a global central bank. In this tine of financial crisis, they’re pushing the idea, as Lew Rockwell writes here.
This is a stupendously bad idea, but Keynesians like it. The continuing depreciation of all paper currencies (maybe not the Swiss franc) indicates that we should be trying to escape from governmentally mandated money and return to market money — probably gold. The global currency idea is a move in precisely the wrong direction.
