Quote:
Originally Posted by Cube Inmate
What type of "sound footing" (my words) would satisfy you (looger) as a basis for currency? Do you believe that currency should be pegged to a gold standard? Another standard?
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i don't know enough aboot it, the gold standard was the old way and now we've got what many economists refer to as a 'fiat currency'.
i'm just trying to figure out why some of these economists are playing chicken little.
has the federal reserve really doubled the number of US notes in the last six years? many people are saying this.