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RE: The US Dollar Is Screwed Part 2 - How I'm Protecting Myself

in #economics7 years ago

I think governments will do all they can to avoid issuing a metal-backed currency. They don't like it because it limits their power. Fiat currency allows politicians to promise free stuff to the people without having to pay for it. With fiat currency, they can pay for the "free stuff" by issuing more currency.

With that said, if a country backed their currency with gold, I think people would flock to it.