Thread: Fiat money
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Old Nov 9, 2009, 01:28 am   #2 (permalink)
Night
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It seems to me even many leading economists don't understand that gold has little more intrinsic value than a paper currency note. Gold itself represents value, but does not contain it...same as a paper note.

It would be impossible to get back on the gold standard. Inflation isn't always a bad thing either...


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