Money has always been worth whatever people will give you for it. Even the value of gold was illusory and based on peoples' desire for it.
All a precious-metal (or other) standard means is a government promise that they will sell you X amount of (whatever) for Y dollars.
And right now I think we all know what government promises are worth.
--
Sucrose Octanitrate.
Proof positive that with sufficient motivation, you can make anything explode.
All a precious-metal (or other) standard means is a government promise that they will sell you X amount of (whatever) for Y dollars.
And right now I think we all know what government promises are worth.
--
Sucrose Octanitrate.
Proof positive that with sufficient motivation, you can make anything explode.