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These days, pretty much all money-printing is effectively out of thin air. Few if any have a gold standard or similar backing their currencies. So it's down to
by larsrc 5y ago
These days, pretty much all money-printing is effectively out of thin air. Few if any have a gold standard or similar backing their currencies. So it's down to trust in the economy. (Not that gold really has intrinsic value, but everybody seem to love shiny rocks:)
- tungle 5y agosure, but I need to know how much more recently.