Replies to Msg. #745908
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 Msg. #  Subject Posted by    Board    Date   
09528 Re: Fiat money works
   You think the U.S could have afforded Vietnam & the Gulf wars if the...
faul   ALEA   25 Aug 2012
9:45 PM
09526 Re: Fiat money works
   Using your electric model, doesn't it make most sense for the governme...
Cactus Flower   ALEA   25 Aug 2012
9:21 PM

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Re: Fiat money works

By: Cactus Flower in ALEA
Sat, 25 Aug 12 8:49 PM
Msg. 09525 of 54959
(This msg. is a reply to 09524 by Cactus Flower)
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FYI All gold currencies have ultimately failed. That's why none of them are left. It is a hopeless medium of exchange. Not addressing this shortcoming doesn't make it go away. Gold as currency is a really bad idea.

Even as a store of value it is volatile, which doesn't help so much.