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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (251642)	6/3/2010 1:48:01 PM
From: neolib	Respond to of 306849

Maybe gold and precious metals are the only real money. Even if it's not created by man it's still promoted by man. So who knows. Not IMHO. The claimed uses of money are: The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.[3][4] I'd like to see those objectives achieved in the most efficient way possible. To me, that means fiat money, coupled with good control behavior. Its a little like advanced airplane designs. Old airplanes where aerodynamically stable, i.e. they flew themselves (at least straight and level) without pilot input (think gold standard). Advanced planes require active control systems because they are aerodynamically unstable even for a pilot to fly. But the advantage is higher performance. Course if you screw up the control law in the advanced plane...(like fiat currency with no restraint).