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<p>[QUOTE=&quot;fatima, post: 1392780, member: 22143&quot;]I&#039;m not sure why this is an issue.&nbsp; Let&#039;s keep in mind that even at today&#039;s growth rates it takes decades for the population to grow this much.&nbsp; Without any other change then yes indeed the currency becomes 3X as valuable/unit.&nbsp; I&#039;m not sure why there is an issue with this when the alternative is to print money and make it 3X more worthless.&nbsp; (except with this power they don&#039;t stop at 3X)&nbsp; With the gold backed currency, the economy decides the worth of the currency.&nbsp; With the fiat, a group of old men in a backroom, with no governmental oversight, answerable to no one, and usually with the qualification of never having worked a real job, decides the worth of the currency.&nbsp;&nbsp; Now which one of these makes sense?</p><p><br /></p><p>There is nothing to stop smaller units of currency from being created.&nbsp; This is why the USA had silver coinage, nickles and pennies all pegged to gold.&nbsp; &nbsp; The Swiss are considering a constitutional amendment to re-instate the gold franc in 2012 as a parallel currency for the people to hold.&nbsp; The smallest coin will hold 0.1 grams/gold.&nbsp; This is equivalent to ~$5.5 phiat USD issued by the Federal Reserve.&nbsp; If the USA is a &quot;free nation&quot; what is the problem with allowing the same in the USA?</p><p><br /></p><p>One of the greatest economic expansions in human history, the 130 year expansion of the USA from 13 colonial states to a nation that crossed the continent all happened under the gold standard.&nbsp;&nbsp; It puts to rest any notion that economies can&#039;t expand without fiat or debt.[/QUOTE]</p><p><br /></p>

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