Quote:
Originally Posted by slowloris
Totally Agree! If everyone in the world or just the US, lost faith in the fact that a dollar bill could actually be exchanged for something we needed or wanted - the whole system would collapse. A dollar bill is effectively something we have been trained to believe has some worth, but really it's just paper.
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I just don't understand those who repeat these lame statements (often seen in even lamer "how money works" documentaries) over and over again. ALL things you use for any type of exchange work like that if they are not primary goods like food. Now isn't it better to make argreement (or "train to believe that is worth") and use something more conventient like piece of paper or event better piece of plastic?
Also by having fractional system you can invest and actually make some progress and build those fancy cars, rockets, planes, bridges... It's better to make some use of that money and generate some new value then leave it to rot in your bank account. Why would all people want all of their money today? Only reason is if they are afraid if they are not everything works perfect.
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