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iHav to Drive
European Imports
Do you prefer the gold standard, fiat currency, or meteorite standard?
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<blockquote data-quote="RealName" data-source="post: 2404798" data-attributes="member: 826979"><p>The gold standard is the monetary system where the government allows currency to be redeemed in gold. This ended in 1971.</p><p></p><p>Fiat currency is what countries have today. The problem is that a country may print too much money in order to get out of debt and this results in inflation.</p><p></p><p>The meteorite standard is the most stable, because unlike gold the quantity of meteorites cannot as easily be increased through mining.</p><p>The meteorite standard would also encourage investments in space mining and exploration for meteorites.</p><p></p><p>Which monetary system would you prefer???</p></blockquote><p></p>
[QUOTE="RealName, post: 2404798, member: 826979"] The gold standard is the monetary system where the government allows currency to be redeemed in gold. This ended in 1971. Fiat currency is what countries have today. The problem is that a country may print too much money in order to get out of debt and this results in inflation. The meteorite standard is the most stable, because unlike gold the quantity of meteorites cannot as easily be increased through mining. The meteorite standard would also encourage investments in space mining and exploration for meteorites. Which monetary system would you prefer??? [/QUOTE]
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