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Economics
Re: "Backing" - what does this actually MEAN?
by
Ibian
on
16/12/2013, 02:48:54 UTC
Quote from: porc on December 16, 2013, 02:44:45 AM
Backing= guarantee of future exchange value
This is bullshit by the way. Or if we pretend (which is all it will be from my side) it isn't, then fiat has no backing.