Tuesday, May 10, 2011
Perhaps, for average Joes and Janes, the historical invention of fiat money was a quite bad thing. "Today, all national currencies are fiat currencies[citation needed], including the US dollar, the euro, and all other reserve currencies." (Excerpted from http://en.wikipedia.org/wiki/Fiat_money.)
Maybe people should say "I only work for gold, not for money". :-)
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