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> Essentially, the gold standard commits a fallacy by assuming that the value of money comes from the commodity that backs it. Talk about a strawman, nobody be
by UncleEntity 9y ago
> Essentially, the gold standard commits a fallacy by assuming that the value of money comes from the commodity that backs it.
Talk about a strawman, nobody believes that. Gold (or any form of money) derives its value from being a commonly accepted medium of exchange.