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Ayn Rand nails the difference between the Gold Standard and Fiat: “Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it."

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More / Bitcoin Reddit 02/04 149 Views

Ayn Rand nails the difference between the Gold Standard and Fiat: “Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it." submitted by /u/thus_spoke_tyro
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