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Do We Really Want Lady Liberty Back On Our Coins?
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<p>[QUOTE="jlogan, post: 1883836, member: 44612"]but if the dollar was backed <i>entirely</i> by silver and not a fiat currency, its value would change with the silver price and we wouldnt have to worry about the value of our coins exceeding the value of the dollar. in the mid 1960s we had silver certificates... but we also had US notes and federal reserve notes, so only a portion of the currency was backed in silver[/QUOTE]</p><p><br /></p>
[QUOTE="jlogan, post: 1883836, member: 44612"]but if the dollar was backed [I]entirely[/I] by silver and not a fiat currency, its value would change with the silver price and we wouldnt have to worry about the value of our coins exceeding the value of the dollar. in the mid 1960s we had silver certificates... but we also had US notes and federal reserve notes, so only a portion of the currency was backed in silver[/QUOTE]
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