Quote from: forever on December 30, 2010, 11:24:42 AM

Quote from: hugolp on December 29, 2010, 06:47:57 PM

Government currencies are always more dangerous than voluntary currencies.

People have a tendency to overinsure themselves against high frequency, low impact events and underinsure themselves against black swan events.

Just because some government currency hasn't failed in the last 30 years doesn't mean it isn't 100% guaranteed to.

because it is. After the bubble things go back to their actual value to people. And stained paper is not very valuable.