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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (8844)	5/23/2006 6:49:19 PM
From: TimF	Read Replies (1) \| Respond to of 71588

By "not stable currency" do you mean Fiat Money? In short that means the full faith of the government stands behind it. No. I don't mean any money that only relies on the full faith and credit of the country that issues it. I mean money that is truly unstable. Either its declined like a piece of lead dropped off a cliff or it yo-yos up and down with incredible volatility, or at very least it has no history of even relative stability and no expectation that the money would not quickly decline in value. Think currency under hyper-inflation or at least currency of an unstable third world country with fiscal and monetary policies that make the current policies of the US look like a paragon of sober conservatism.