The wonderful economic wizard of Oz

L. Frank Baum over 100 years ago wrote the seminal children’s book ‘The Wizard of Oz’ and ever since the allegories surrounding this book have always centred on the economy of the state in Franks case America. This becomes more evident when you realise that Frank was political activist throughout most of his life, following the presidential candidate William J. Bryan around on Bryan’s free silver campaign. In the book Bryan has the role of the cowardly lion. Without wanting to get bogged down in history your probably wondering how this is relevant to today, well the guiding principle of Baum’s thinking comes from tally sticks.
Tally sticks were used by King Henry the first as a way of creating a currency outside of the goldsmith or banks. They were pieces of wood with notches cut in them to signify how much they were worth. The great thing about this concept is that it removes control from corporations and big banks, but would you trust the government to have the licence to print your money. Also there will be many shouting that you can’t have a currency based on nothing, but as long as you control the quantity your national debt never exceeds the amount of money in the system. Abraham Lincoln was also a proponent of this system with the greenbacks(strange how he was assasinted). Another president who tried to investigate the central banks control with an attempt to expose black Friday as a sham was James. A. Garfield(also assassinated). Andrew Jackson was another president who tried to deconstruct the strangle hold of banks(attempted assassination).
So the question is can we trust our leaders to affront this system of ‘fiat money’. As much as I would love to say yes, I don’t think we can. This would be the solution to all of current and very near future problems we face but will only work when there is a government whose only concern is it people and how to make our lives better!