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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997
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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997 |
08-17-21, 04:41 AM
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#8 | |
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Fleet Admiral
 Join Date: Oct 2006
Posts: 19,362
Downloads: 63
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Quote:
Yes. Gold is worth a lot only because people agree that it is worth a lot Gold is attractive because a lot of people agree that it is valuable, but, never the less, it is an agreement. If you have a loaf of bread I have a bar of gold How much is my bar of gold worth? Depends on how hungry I am. That bar of gold may be worth a loaf of bread if I am hungry enough I can try to argue with you about how much my bar of gold is "supposed" to be worth, but in the end you are the one with the bread and I am the one hungry.  All forms of currency are fiat. It would not work otherwise.
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abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right. |
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