You are viewing a single comment's thread from:RE: Money 101: What Is Backing Bank Deposits (Follow The Accounting)View the full contextchaosmagic23 (64)in LeoFinance • 28 days ago I wish Fiat money would be backed up by gold as it was before 1971.
Except that wasnt the case then either.
People romanticize something that didnt even exist. Bretton Woods was doomed from the beginning.