i'll take yours off your hands
LOL dickweed. Most money in our economic system isn't "paper", it's digital. I get paid via direct deposit, and use online bill pay, use my credit card for purchases, checks for rent, etc.....I use less than $60 cash per month. The only reason I need cash is for black market transactions (i.e. drugs).
So no, the fact that a "dollar" is paper money is largely irrelevant as the paper is hardly the largest part of money in circulation......it is part of the M1 category but hardly not the largest.
....you have a complete lack of understanding of monetary economics.
Our currency is not an honest form of money, because there is nothing of true value to back it. What we need is a return to the silver standard, or some form of precious alloy, for the sake of restoring stability to and confidence in our money system.
Cook,
The solution is to ban fractional reserve banking.
No thanks. My point here wasn't to suggest that the dollar is useless. Rather, I am suggesting it is dishonest, and prone to instability. It only has value because we agree it does, not because it is actually valuable. It is just paper.
The solution to what dickhead? You haven't even described a problem.
You want to limit/expand the money supply? That is what the FOMC does, through reserve requirements, funds rate, and buying/selling bonds on the open market.
I highly doubt that you of all people would understand how the money supply should be targeted.
That's a misconception.
EVERYTHING has value only because we think it does! What other reason would something have value? God you're an idiot. What's so much more valuable about gold than a controlled fiat money supply? You can hang it around your neck?
Do you have any idea how much it would hurt the economy to have an inflexible money system and no banks?
Silver is inflexible?
Where did I say no to banks? I said no fractional reserving.
The founders would support what I've said.
The founders would probably shoot you.