Happy Anniversary!! Three years already, times flyes!!!

In the old days, in the Netherlands until 1914, we had the gold standard. That's a system in which the economic unit is a fixed weight of gold. So it was possible to change your paper money with a certain vallue, for the same amount in gold. Later it became 40% and now there is no connection what so ever. It's just like you say, governments/ceentral banks print papermoney when needed. I think because people could trust papermoney in the old days, because of the gold standard, they still trust it. It's normal to do so. They don't think: " hey this little paper is worth only 1 cent", no, they think: " on the paper is written 50 euro, so its worth 50 euro, period".