US Federal Reserve to reduce stimulus

[August]

Originally Posted by Tchocky

Whereas arbitrarily tying currency value to a piece of metal makes a lot of sense.

A piece of metal that has maintained value for thousands of years. Seems better than nothing.

[Ducimus]

Originally Posted by August

A piece of metal that has maintained value for thousands of years. Seems better than nothing.

And is finite. You can't conjure gold up out of thin air with the snap of your fingers, or with a printing press for that matter.

Originally Posted by August

A piece of metal that has maintained value for thousands of years. Seems better than nothing.

A piece of metal that fluctuates wildly in value, which replaced a piece of metal which caused huge problems with its wild fluctuations in value.
You don't fix a failed system by returning to a system that already failed.