kellyb
Adept
Yeah I'm not a financial guy, I really do not understand how monetary values are maintained, nor the pros and cons of a gold standard set up...It just seems logical to me there should be a foundation of value or standard which keeps the honest honest and the crooks from taking advantage by artificially inflating values or deflating values, I don't know...
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It's kind of counter-intuitive, but sovereign and fiat is better than gold standard. There's nothing all that special about gold, anyway. You could use copper, or lumps of coal, or pocket lint. It all actually the same thing. The power of a currency comes from it being what the state wants it's taxes collected in. The potential brute force of the state is where the "value" lies.