Well, actually, it is. Fiat has no value, other than the military backing it. Today, that means little. "Quantitative easing" otherwise known as money printing continues as governments all over the world debase their currencies and steal wealth away from productive people. People living on welfare continues to increase and tax revenue falls because wages are going down.
The simple prescription is to repeal the federal reserve act of 1913, go back to the gold standard and reinstate the glass-steagall act.
Well, actually, it is. Fiat has no value, other than the military backing it. Today, that means little. "Quantitative easing" otherwise known as money printing continues as governments all over the world debase their currencies and steal wealth away from productive people. People living on welfare continues to increase and tax revenue falls because wages are going down.
The simple prescription is to repeal the federal reserve act of 1913, go back to the gold standard and reinstate the glass-steagall act.
You're right, when it gets right down to it, the "money" issued by the government is just a note that says "It's worth something, trust us!" They can just print more and more until it's less than worthless.
You're right, when it gets right down to it, the "money" issued by the government is just a note that says "It's worth something, trust us!" They can just print more and more until it's less than worthless.
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