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<p>[QUOTE="cmbdii, post: 5171, member: 655"]Yes, I agree that coins are a better idea. Of course, when inflation is the rule politicians like the convenience of paper money which can be printed to reflect declining values.</p><p><br /></p><p> I like the idea of going back to solid coin based money. Fiat money is what caused the great depression. No inflation is possible when money is precious metal coin. The worst politicians can do is to debase the metals, for which markets can adjust.[/QUOTE]</p><p><br /></p>
[QUOTE="cmbdii, post: 5171, member: 655"]Yes, I agree that coins are a better idea. Of course, when inflation is the rule politicians like the convenience of paper money which can be printed to reflect declining values. I like the idea of going back to solid coin based money. Fiat money is what caused the great depression. No inflation is possible when money is precious metal coin. The worst politicians can do is to debase the metals, for which markets can adjust.[/QUOTE]
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