Message:

<p>[QUOTE=&quot;ToughCOINS, post: 8240904, member: 20480&quot;]The real problem is that we need, and do not have a medium of exchange which accurately represents productivity. </p><p><br /></p><p>Money represents what people are willing to exchange with each other . . . as a direct exchange in the present moment, or as credit for a future delivery . . . both are exchanges of and for productivity . . . nothing more, and nothing less.</p><p><br /></p><p>The main reason fiat currency does not accurately represent productivity is because of the capricious manipulation of the money supply.&nbsp; Since the medium of exchange (USD for this discussion) is not fixed, it is easy to misrepresent the productivity of those who produce less by simply printing and issuing more fiat currency.&nbsp; A fixed medium of exchange would put an end to that practice.</p><p><br /></p><p>Since gold is far and away the most widely recognized store of value not subject to capricious adjustments in available supply, it is naturally the first to come to mind as the best mechanism for fixing our inflationary woes.</p><p><br /></p><p>Truly, simple barter is the most equitable exchange of productivity, but it is inefficient, and doesn&#039;t well-address either delayed delivery or remote exchange.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in