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<p>[QUOTE="Cloudsweeper99, post: 712850, member: 3011"]We've been over this before. Money doesn't have to have intrinsic value. That's obvious because ours doesn't. But one of the functions of money is to act as a store of value, and fiat money doesn't do this very well over time, particularly in a world of trillion dollar deficits funded by monetizing the debt. For someone living paycheck to paycheck, it doesn't really matter because the money is spent before it depreciates. For someone trying to save money to spend in the future, it's a big deal. We live in a world where a currency that maintained or even increased in purchasing power would be an enormous benefit to some people. People can buy gold or silver to try to keep up, but let's face it, we are speculating. A sound currency such as the one Mr. Price suggested would make life more comfortable for millions of ordinary people. And what could possibly be wrong with that?[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 712850, member: 3011"]We've been over this before. Money doesn't have to have intrinsic value. That's obvious because ours doesn't. But one of the functions of money is to act as a store of value, and fiat money doesn't do this very well over time, particularly in a world of trillion dollar deficits funded by monetizing the debt. For someone living paycheck to paycheck, it doesn't really matter because the money is spent before it depreciates. For someone trying to save money to spend in the future, it's a big deal. We live in a world where a currency that maintained or even increased in purchasing power would be an enormous benefit to some people. People can buy gold or silver to try to keep up, but let's face it, we are speculating. A sound currency such as the one Mr. Price suggested would make life more comfortable for millions of ordinary people. And what could possibly be wrong with that?[/QUOTE]
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