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<p>[QUOTE=&quot;tekhen, post: 1762536, member: 16202&quot;]I am not freely interpreting what you have said. I have seen your argument prior to your post(s) and have studied its premise. Concerning fiat tied to debt, as an example look at the the Civil War (the Demand vs US Notes) and look at how they were used to pay dues and debts.</p><p>&nbsp;</p><p>I have agreed that debt has been in place before fiat. My point simply is that once allowed to float along with the how inflation is calculated that fiat as we know it has put the world in its present situation. Positive growth or not, cities are now going bankrupt and many individuals have lost their homes or are upside down. At times slow progress is not bad.</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>To revert back to my PM point... look at its price today in comparison when fiat was allowed to float. The nature to produce &#039;paper&#039; inflates/depreciates it. Now add debt to the math.</p><p>&nbsp;</p><p>For your knowledge... I have read Keynes, Friedman, Hayek and Mises. So it is not a argument but a debate and manner of opinion. We can agree to disagree.</p><p>&nbsp;</p><p>Enjoy the day![/QUOTE]</p><p><br /></p>

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