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Comment: It is not an economic rule...

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It is not an economic rule...

Submitted by ResistTheRing on Fri, 06/29/2012 - 21:39.

It is not an economic rule that gold equals wealth. Gold's value is based on someone's willingness to buy it from you. In that sense, it's the same as fiat. Of course, you can't print it and blah blah blah, you've heard the rest. Regardless, ECONOMICALLY speaking, there's no magic law that says gold is money.

—

'The Anarchists are simply unterrified Jeffersonian Democrats. They believe that “the best government is that which governs least,” and that which governs least is no government at all.'
-Benjamin Tucker