Re: Which currency system do you think is best?
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yup, gotcha. my hangup was on the incentives of those who would literally grow money in their backyards (in the wheat as money example). but if they did too much of that, the market set wheat price of dollars would decline until they stopped doing that and produced fewer units of wheat, at which point the wheat price of dollars would rebound.
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This is one of the things that makes wheat a really unlikely commodity to emerge from a free market as a monetary standard. [img]/images/graemlins/smile.gif[/img]
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