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Re: Fiat money works

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 25 Aug 12 9:21 PM | 78 view(s)
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Msg. 09526 of 54959
(This msg. is a reply to 09525 by Cactus Flower)

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Using your electric model, doesn't it make most sense for the government to own power stations?

Why follow Paul Ryan's Ayn Rand model?


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The above is a reply to the following message:
Re: Fiat money works
By: Cactus Flower
in ALEA
Sat, 25 Aug 12 8:49 PM
Msg. 09525 of 54959

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.


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