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To: cuban leaf
Furthermore:

Fiat is the currency that needs "backing". Gold, silver, and crypto currencies don't need backing. Their units required work to produce, which limits supply. And values are set by free markets (back before gold and silver price manipulation that is).

12 posted on 03/24/2014 2:03:55 PM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

When I say “fiat” currency, I mean currency that is backed by nothing but faith. But that is just me. ;-)


17 posted on 03/24/2014 5:28:19 PM PDT by cuban leaf
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