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WTF Happened In 1971?
(wtfhappenedin1971.com)
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this post was submitted on 09 Jul 2023
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Not saying we'd be better on the gold standard, but fiat currency is literally worthless meaningless paper that has no tangible value.
I wish we could go back to barter n trade, to before currency was invented tbh.
Thing is, fiat currency is exactly as worthless as gold or Bitcoin or pebbles. It's just a unit of measurement so of course it has no tangible value. There's no going back to barter because it is so impractical that any attempt to make it work will be the first step to inventing currency.