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To Fiat or Not To Fiat? That is the question!
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<p>[QUOTE="Billy Kingsley, post: 781351, member: 19456"]Great responces! </p><p> </p><p>I was a little afraid everybody would say "you're insane, get out of here" but I decided to post what I honestly felt anyway. Even the posts that don't agree with me are civil and sensible. I'm not used to that, I guess, from more then a decade on message boards...</p><p> </p><p>I'm really pleased to see such well thought out and reasoned responces. </p><p> </p><p>I didn't realize that the term fiat meant by decree. (Latin, I take it?). Whenever I have seen it used, it is always seemingly in contempt of modern currency. </p><p> </p><p>Correct me if I am wrong, folks, but when coins first started, they weren't made of either silver OR gold, but a combination of the two? I thought I had read that the ability to seperate them didn't come until a little later. I could be wrong though as I don't remember where that info came from.[/QUOTE]</p><p><br /></p>
[QUOTE="Billy Kingsley, post: 781351, member: 19456"]Great responces! I was a little afraid everybody would say "you're insane, get out of here" but I decided to post what I honestly felt anyway. Even the posts that don't agree with me are civil and sensible. I'm not used to that, I guess, from more then a decade on message boards... I'm really pleased to see such well thought out and reasoned responces. I didn't realize that the term fiat meant by decree. (Latin, I take it?). Whenever I have seen it used, it is always seemingly in contempt of modern currency. Correct me if I am wrong, folks, but when coins first started, they weren't made of either silver OR gold, but a combination of the two? I thought I had read that the ability to seperate them didn't come until a little later. I could be wrong though as I don't remember where that info came from.[/QUOTE]
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