michael94
Member
- Joined
- Oct 11, 2015
- Messages
- 2,419
@Lenin Well I dont agree with Huerta de Soto's position on Gold as money. Money is a public utility to facilitate commerce based on actual productivity. Having Gold in a vault doesn't make a country rich, having ability to work together with the natural resources of a country and technology this country develops/inherits makes a country rich. I can agree with HdS on the absurdity of the Fractional Reserve banking system but I find pegging the currency to Gold is an odd way of trying to foolproof Money into something which it is not.