Quote:
Originally Posted by FredIsMe
Well said ADL Colin. Do rebates even matter considering that the money is backed only by debt and not something tangible like gold?
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Tangible? It's just a somewhat shiny, somewhat pretty metal which is a fair conductor that doesn't rust. Why should the amount of money in circulation be related at all to the amount of a shiny gold metal that we manage to dig out of the earth? Why not back our currency by the number of conch shells?