A currency back by land makes a lot more sense than a currency backed by... nothing, which is the definition of fiat money: 'Fiat money is money that is intrins

A currency back by land makes a lot more sense than a currency backed by... nothing, which is the definition of fiat money: 'Fiat money is money that is intrinsically useless; is used only as a medium of exchange' http://economics.about.com/cs/economicsglossary/g/fiat_money.htm http://economics.about.com/cs/economicsglossary/g/fiat_money...