我用https://www.chatpdf.com/ 总结了一下 Deflation and Liberty这本书。
假设总结无误的话，作者描述的是一个用commodity作为backing，汇率会变的货币系统。我觉得这样的系统相当好。但和把BTC直接货币化（或搞1：1不变汇率的货币）差太远了
Q：then according to the author, who decides the exchange rate of the currency and the underlying commodity
A: According to the author of "Deflation and Liberty," the exchange rate between the currency and the underlying commodity would be determined by market forces of supply and demand.
Q: then according to the author, who will be the organization issue this currency?
A: According to the author of "Deflation and Liberty," the government should not produce money or appoint a special agency to produce money in a commodity-based monetary system. Instead, the author argues that the government should keep its hands off and allow the market to determine the supply of money. In this system, private individuals and firms would be free to issue their own currencies backed by a commodity such as gold or silver. These currencies would compete with each other in the marketplace, and their value would be determined by market forces of supply and demand. The author suggests that this decentralized approach to currency issuance would promote competition, innovation, and efficiency in the monetary system. However, it is important to note that this is just one perspective on monetary policy, and there are many other approaches that have been proposed by economists and policymakers over the years.
Q: what if these company decide to scheme together to artificially inflate this currency?
A: The author of "Deflation and Liberty" does not specifically address the possibility of companies scheming together to artificially inflate a currency in a commodity-based monetary system. However, it is worth noting that in any monetary system, there is always the potential for individuals or groups to engage in fraudulent or manipulative behavior. The author suggests that a commodity-based monetary system would provide a more stable and predictable monetary environment than a fiat money system, but it is not immune to abuse or manipulation. In order to prevent such abuses, the author suggests that there should be strong legal protections against fraud and other forms of financial misconduct, as well as effective regulatory oversight to ensure that market participants are acting in accordance with the law. Ultimately, the success of any monetary system depends on the integrity and honesty of its participants, as well as the effectiveness of its legal and regulatory framework.
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