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Originally Posted by dyna mo
thanks for the book recommendation. and i agree about fiat currency. i also see pauls' point that historically no paper currency has ever lasted. but i also don't see it as being so simple to revert back to the gold standard. i mean one day we are on paper money and a loaf of bread is $3 the next day all transactions world wide are done with gold backed transactions and a loaf of bread is all the sudden .49c, i don't see it happening that way.
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Ah, yes, I probably didn't understand what you were getting at. That is indeed a big transition and I'm not sure either how we could make that transition possible. I think the first hurdle is convincing people that it must happen. Once there is more agreement on that I imagine some innovative ideas on how we can do that will start to pop up.