Message:

<p>[QUOTE=&quot;Tinpot, post: 1725098, member: 35836&quot;]I wouldn&#039;t say it&#039;s silly at all, it makes good money for multiple reasons. </p><p><br /></p><p><a href="http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&amp;c=dsp&amp;k=money+characteristics" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&amp;c=dsp&amp;k=money+characteristics" rel="nofollow">http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&amp;c=dsp&amp;k=money+characteristics</a><span style="color: #0000CC"><font face="verdana"></font></span></p><p><span style="color: #0000CC"><font face="verdana">The four primary characteristics of money are: (1) durability, (2) divisibility, (3) transportability, and (4) noncounterfeitability. Although a number of items or assets have served as money, those that best match these four characteristics are the ones that best function as money, the ones that best operate as a medium of exchange.</font></span></p><p><br /></p><p>Paper makes very good money as well (divisibility is where the current fiat money system really has the major upper hand), the only bad thing about paper is that it has no inherent value, so if the printing presses are abused your paper loses value. </p><p><br /></p><p>That is why I think paper is great for everyday transactions, but is a terrible store of wealth (most everyone reading these boards already knows this, but there are some people out there who don&#039;t), especially when the printing presses are excessively abused as they are today.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in