117 America's last hope was Ron Paul (media.scored.co) posted 1 year ago by user20461 1 year ago by user20461 +118 / -1 59 comments share 59 comments share save hide report block hide replies
Fiat money is true money, gold money is just is barter. The real problem is in fractional reserve system.
Well I agree about fractional reserve, but if you can't trust the government to manage the money supply, you'll get inflation and them pushing the business cycle anyways.
But you think printing money out of thin air is good? Granted it’s backed by the faith in the dollar or whatever currency.
Well I get the same response when I explain fractional reserve banking. Glazed eyes