Huzzah! Minimum Wage Increase Shot Down in Senate

[Launcher]

What about a store of value?

 

[Launcher]

You don't know what a dollar really is.

 

[slipknottin]

What about a store of value?

Money does not need to be backed by something to be a store of value.

 

[slipknottin]

You don't know what a dollar really is.

So why not explain it instead of asking question after question?

There is no tie bewteen the value of a dollar, and the value of a pound of gold. Just as there is no tie bewteen the value of a pound of gold and silver.

Why should there be?

 

[Launcher]

Would you accept tickets to a ball game if there were no ball game?

 

[slipknottin]

Would you accept tickets to a ball game if there were no ball game?

Would you accept a pound of gold if it was worthless?

The neverending questions are getting quite annoying, especially because they are never accompanied by anything other than more questions. Explanations, theories, concepts, etc. would be nice here.

 

[Launcher]

Silver has value because of scarcity. The only way to inflate the currency redeemable in silver is to strike the mother lode. This causes it to hold its value over time outside the control of manipulators. It imposes discipline on lenders. It gives savings real value over time. It causes interest to be paid on your behalf, not the banks. It causes prices to fall. It requires banks to assume risk. It gives prosperity to the middle class and to poor people. It gives prosperity to the rich under rules of fair play. The exact opposite is true of paper currency. Which is better in your opinion?

 

[Launcher]

Any reasonable person would prefer a pound of gold to a pound of paper as a medium of exchange any day.

 

[slipknottin]

The only way to inflate the currency redeemable in silver is to strike the mother lode.

Which happened quite often back in the heyday of the gold and silver standards.

It causes prices to fall. It gives prosperity to the middle class and to poor people. It gives prosperity to the rich under rules of fair play. The exact opposite is true of paper currency.

Other than those comments I agree.

Which is better in your opinion?

As Ive said, your giving two options when neither is satisfactory.

 

[OrionGirl]

And this has WHAT to do with the topic?

Sounds like someone begging for a conspiracy theory to me.

One point--gold and silver can be stock piled just as can any item (and indeed, banks round the world do so, as do governments to a lesser degree). A sudden release of these stock piles would cause havoc--resulting in no more stability than the current paper system in place currently, but without the controls in place on the paper system.