Quote:
Originally Posted by wig
Backing currency with commodity(s) is stupid.
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oh - what about commodity baskets?
if backing currency with commodities is stupid, what, if anything, should they be backed by?
if currency reflects the perceived differences in economies around the planet, as decided by a multinational marketplace, but are only convieniently used locally, what does that mean for the local currency users and the concept and rule of nations?