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As an example of your point, during the Nixon crash, people used postage stamps as a proxy for cash. They also used Canadian coins in America to replace USD coi
by ktRolster 10y ago
As an example of your point, during the Nixon crash, people used postage stamps as a proxy for cash. They also used Canadian coins in America to replace USD coins. People would literally drive over the border to Canada, get a bunch of coins, and bring them back and sell them to stores so they could make change.
- M_Grey 10y agoYep, and now you have all of the people who hoard gold and other fungible assets... it's just not workable. You'd have to wage a new "War on Cash".