- Joined
- Sep 7, 2013
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I'm thinking that the worth of silver will be constant, not something you have to calculate in worthless dollars.
We had a similar situation at the beginning of this country where the standard for money was the "Spanish Milled Dollar." The Continental Congress issued fiat Continental Dollars which inflated out of control leading to the saying "not worth a Continental."
Learning their lesson, they pegged the first US Dollar paper currency to the Spanish Milled Dollar.
We had a similar situation at the beginning of this country where the standard for money was the "Spanish Milled Dollar." The Continental Congress issued fiat Continental Dollars which inflated out of control leading to the saying "not worth a Continental."
Learning their lesson, they pegged the first US Dollar paper currency to the Spanish Milled Dollar.