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RE: The Socialist Poverty Formula

in #socialism7 years ago

currency needs stability or it's valuations are worthless

Interesting thought...

I'm curious then, the US dollar has lost 95% of its purchasing power since the FED was established in 1913. Is the US dollar a currency in your eyes, seeing as by your definition it is not very stable?

I would consider gold more stable than fiat, simply because gold has gone up in value in the last 100 years, where the dollar (and all fiat for that matter) has clearly gone down. I agree gold isn't easy to transact with, but I'm not making that argument.