[_7fvc]

I think paper money is a novelty. It's a good invention. It detaches the concept of money from gold. It makes money easily transported. But that can run amok. The Gold Standard was in place to protect societies from detaching too far from physical reality. "Good" paper money should be backed by physical reality. The US has a large gold reserve, education, research, military etc. But we're now at the verge of running amok with paper money.