5 ms·
Sure, but it's still an agreement. There's a cross-cultural agreement that the US dollar is worth something too. I don't really see the difference, but I'm not
by cgh 11y ago
Sure, but it's still an agreement. There's a cross-cultural agreement that the US dollar is worth something too. I don't really see the difference, but I'm not an economist.
That said, I wouldn't make baubles out of dollars.
- MCRed 11y agoThere's a big difference between the two. Gold's price (in a free market, which unfortunately we don't have anymore) is an agreement of market forces-- supply and demand. The Dollar's price comes from government use of force to make people use it. (this includes internationally.) If you'd like to get an opinion from a good economist check out: http://mises.org/money.asp http://mises.org/money.asp