3 09 Ralph Borsodi Constant Currency

roughly 60 years ago, Dr. Ralph Borsodi wrote a booklet entitled, “Ination is Coming and What to Do About It”. In the mid 1970’s, around the time of his local currency experiment, he wrote, “If we continue this foolishness [at money],” says Borsodi, “we’re eventually going to witness a debacle followed by a depression worse than that of the 1930’s.” Dr. Borsodi was a very smart man and about 30 years ago he experimented creating his own version of privately issued, commodity backed local money. His experiment and creation is considered a successful venture