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  1. #11
    has a Senior Member HoreTore's Avatar
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    Default Re: Wealth distribution

    Quote Originally Posted by Montmorency View Post
    All "money" is ultimately fiat money.
    Indeed.

    Gold is only marginably more valuable than the cotton in our current bills. Arguing a return to the gold standard is missing the point completely. Especially if you then believe that the value of money will be based on something other than what it is currently based on.

    Money has always been and will always remain based on the production value of work. That's the basis of it, gold and cotton is simply the way we represent that value, and we do so because it's a lot easier to carry around a few bills than it is to carry around 2-3 cows.
    Last edited by HoreTore; 01-27-2014 at 15:19.
    Still maintain that crying on the pitch should warrant a 3 match ban

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