I met Richard Rahn, a veritable icon of the supply-side revolution, at a great conference on non-state governance sponsored by e-gold in Nevis this Spring. I did Paul Harrison's and my talk on Fama and Black's "New Monetary Economics" idea and how to create synthetic non-state numeraires using bearer wearhouse receipts, etc., as proxies for the Consumer Price Index.

From the comments below, it looks like the old reality distortion field still works, right down to the use of "financial cryptography", and "digital bearer financial instruments" in congressional testimony. (Yeah, I know, don't testify, it only encourages them, and all that, but a little vanity goes a long way...)

Thanks, Richard (who's also on the IBUC Friends list) for taking the fight right to the belly of the beast. :-). Cheers, RAH --- begin forwarded text