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You do realize that people aren't required to carry around actual gold? I just counted and there are exactly 6 $1 bills in my wallet that have been in there fo
by UncleEntity 2y ago
You do realize that people aren't required to carry around actual gold?
I just counted and there are exactly 6 $1 bills in my wallet that have been in there for I don't even know how long.
That being said, the main problem with silver/gold was the government pegging their value to each other causing 'issues'.
- chasil 2y agoTo carry paper certificates that are redeemable in the base metal, that metal must exist to be redeemed.
- UncleEntity 2y agoI'm not arguing for or against a specie based currency just saying technology is available to overcome the issue of 'not enough gold'.