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<p>[QUOTE=&quot;Crito, post: 549224, member: 110&quot;]I don&#039;t see why it has to be gold. Backed by anything tangible would be fine with me. The fact that there&#039;s a finite amount of the resource is the point actually. That&#039;s what limits inflation. Theoretically they can print as much money as they want under the current system, until the real value approaches zero anyways (hyperinflation). Then they&#039;ll have to come out with a new dollar, whether they want to or not. I&#039;ve seen it happen first hand in Peru (Nuevo Sol).</p><p><a href="http://en.wikipedia.org/wiki/Peruvian_nuevo_sol" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Peruvian_nuevo_sol" rel="nofollow">http://en.wikipedia.org/wiki/Peruvian_nuevo_sol</a></p><p><br /></p><p>Deflation, of course, is an entirely different problem.</p><p><a href="http://en.wikipedia.org/wiki/Deflation" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Deflation" rel="nofollow">http://en.wikipedia.org/wiki/Deflation</a>[/QUOTE]</p><p><br /></p>

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