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by budsniffer952 1 hour ago
Tying the ability to increase the money supply to a metal we have to dig out of the ground is ridiculous.

>near unlimited government credit

Really? How do we get some? And, beyond that, what do YOU think the limits should be on increasing the money supply by a sovereign nation?

A nation becomes wealthy by producing things to sell. Nothing else matters, including debt. But, we live in a world where people want to be rich, but also don't want to use resources, or build, or manufacture things, or run an empire. It's contradictory, and we are starting to see the effects.

1 comments

Tying it to our goodwill, military might, and diplomacy seems like it might be a bad long term plan.