RE: The Gold Standard Myth
1 Min Read
Nothing has value till point of transaction. You could essentially now say that crypto itself like bitcoin now gives the USD some of it's value. It all comes down to what people are will to trade in exchange for something else that gives it it's true value.
Fully have to say though that spending and the debt in the US is nuts and instead of imposing more taxes they need to seriously retract and re-evaluate where money is being wasted because there's A LOT of it. They treat it as a endless atm machine that needs to stop.
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Nice reply, I liked the ATM example