Re:Who Pays the Price for Selling $10 Bills for $5?
by Fjolsvith on Friday April 05, 2019 @10:36AM
(#19582928)
The amazing thing about currency being actual valuable things (like precious metals or gems) is that it cannot be devalued by "printing" more of it from non-valuable things.
Nations try to avoid this because they can spend freely on a promissory note currency system. It is a recipe for disaster in the long term.
Nations try to avoid this because they can spend freely on a promissory note currency system. It is a recipe for disaster in the long term.