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RE: The Wizard of Oz was a political/economic commentary

in #money8 years ago

I'm confused... What's the meaningful difference between a gold-backed dollar and a silver-backed dollar? All it does is change which asset the dollar's value is exposed to, and both are precious metals with long histories of stable value, so there should be no relevant difference.

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"Rob Kirby-Silver is Kryptonite to Central Bankers"

Hmm, interesting. The only meaningful difference I'm seeing is that silver is consumed more rapidly than gold. I still don't see what's special about silver; if we had either a gold- or silver-backed currency, we'd be far, far better off than we are now.

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