03-13-2017, 03:16 PM
(03-13-2017, 07:50 AM)Odin Wrote: In the long run everything "fails", even with precious metals eventually you'll get rulers who debase the currency for short-term reasons, see Rome during the Crisis of The Third Century. All genuine currencies used as currency (as opposed to just units of metal in simple barter) require some sort of faith in the institution issuing the currency that it is really worth that it says it's worth.
Silver and gold are always valuable and I strongly recommend you watch the video that Kinser79 suggested. It sums up everything I ever read about Rome very neatly.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises