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<p>[QUOTE=&quot;Gam3rBlake, post: 8201838, member: 115909&quot;]Yup. I remember in economics class there was always a mention about the problem being <i>undisciplined </i>money creation.</p><p><br /></p><p>I’ve always thought maybe the government should have to have some backing in gold/silver for every X dollars printed/minted.</p><p><br /></p><p>Like maybe 1 oz of gold or 100 oz of silver for every $10,000 printed/minted. Obviously that’s not full backing but at least it would keep a limit on production.</p><p><br /></p><p>But I do NOT think banknotes should be redeemable for gold &amp; silver. Just fractionally backed by it.</p><p><br /></p><p>We can’t just print more and more money to pay for everything. Eventually foreign nations won’t want dollars and then domestic people won’t want them due to high inflation like in Zimbabwe and Venezuela.</p><p><br /></p><p>The inflation rate last year was 7%. </p><p>The highest since the 1980s.</p><p><br /></p><p>The government ideally wants it at 2%.[/QUOTE]</p><p><br /></p>

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