I would only point out that historically, gold and silver ARE money. One could argue that fiat does not fit the definition of "money" as well as gold and silver, mainly because the supply of fiat is potentially limitless.
You are viewing a single comment's thread from:
I completely agree, but I use the word "money" first because that's what we are calling what we use even though it isn't real money. Generally people don't call it "fiat currency" even though that's what it is, so I just thought "money" would make sense to the people who call it that. But yes that's the idea that I hoped to get across, that if it's not backed by commodities it's not really money. Let me know if there's somewhere I can make that more clear.