Post
Topic
Board Economics
Re: Why not just print dollars?
by
hpmp
on 16/11/2017, 09:31:51 UTC
Well, the dollar has a price because it is driven by gold. that is, the dollar has a price because in the back up using gold. so, not forever we can make dollars. dollar amount, equal to the amount of gold deposited in the bank. well, that's as far as I know.
dollar is not driven by gold.
dollar is not backed up using gold
dollar amount is not equal to the amount of gold in banks

as you are a Hero Member you definitely must know basics