[tobiaswk]

Couldn't the same be said about the US dollar? In fact there's no limit on that one. With the fractional reserve banking in place as todays standard the Federal Reserve just print more notes when needed to bail the banks. The whole system is based on trust. Trust does not scale well.

[navigatesol]

>With the fractional reserve banking in place as todays standard the Federal Reserve just print more notes when needed to bail the banks.

The Federal Reserve doens't simply print notes and drive them over to the banks. There's an asset exchange that takes place.

[_ph_]

It is based on trust but also on the gross domestic product. If you want an iPhone (Tesla, corn, beef), you have to pay for it in dollars eventually.