this post was submitted on 10 Aug 2023
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Asklemmy
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Yeah? What should back the currency? What would have happened to the dollar if it was still pegged to gold? What is the difference between an artificially scarce natural resource and a currency backed by a superpower?
Like gold value has any meaning lol, humans are still just "ooo shiney"
That's exactly my point. Gold shills sit around and wax on about how it's a cure-all and how the gold standard was better blah blah without understanding the basic reasons why it had to go.