Molly Whitetoday's utterly unsurprising news
OldGeek@molly0xfff if I recall my USA history before we had "fiat" currency didn't every bank issued their own banknotes.
Dubious Blur@oldgeek @molly0xfff “wildcat banking” is the lovely term for this chaotic free-for-all
Methodist_Coloring_Book@oldgeek The US left the silver standard in 1971 so not really.
suzanne@oldgeek @molly0xfff
Federally issued money backed by gold and/or silver existed in between. That's what they want to go back to. Money backed by something they can't grasp is also only worth whatever people think it's worth.
Federally issued money backed by gold and/or silver existed in between. That's what they want to go back to. Money backed by something they can't grasp is also only worth whatever people think it's worth.