franco b wrote:The only thing wrong with paper money is human fallibility. The temptation to print too much seems to be irresistible.
Do you anticipate that humans will someday soon become Angels, or is there a plan 'B'? Every fiat currency throughout history has eventually at some juncture reached a value of zero. Perhaps this time it will be different though. Since the US Dollar only went 100% totally fiat in 1971, we are now only a mere 41 years into this monumental (or should I say foolish) experiment. Will it last another 41 years?