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> I dont think currency should be democratic, it should be impersonal and outside the whims of any group of people. Gold is like that. If gold (or some other p
by VictorPath 5y ago
> I dont think currency should be democratic, it should be impersonal and outside the whims of any group of people. Gold is like that.
If gold (or some other precious metal) is such a fantastic currency for a modern economy to use, why are no modern economies pegging their currencies to gold? Why didn't Nixon keep the dollar convertible to gold?
- cblconfederate 5y agoI don't know. And looking at the current state of fiat currencies, they don't know either.