What should money be backed by?

>>136894693
Government force, and assets like military, economic productivity, etc.
Fiat works pretty well if managed correctly desu.

>>136894693
An hours worth of labor.

Metal.
>>136894795
You're an unpatriotic git. Gas yourself, kike.

>>136894693
buy Bitcoins...

>>136894693

Slaves.

They have actual economic value. You can't just create them>>136894795
out of thin air without military conquest. They age and lose their value over time, thus keeping supply in check.

It's the perfect option.

>>136894693
The force of government making it legal tender for debts, and the promise to accept it in payment of taxes.

>>136895089
>You can't just create them
What is breeding?

>>136894693
A strong, reliable and responsible government.
The average man have no use to gold, except if others are ready to accept it as a payment. Like a banknote.
The gold meme is the symptom of a failing government and a failing society.

Finite resources. Gold historically being a common one, for example.

Bitcoins are nifty and all, but always cracks me up how people act like it's any better than fiat when it's basically backed up by nothing either.

And then the technical challenges, such as the blockchain already being xbox hueg and growing exponentially, when the currency still isn't even remotely common or mainstream yet.

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>>136894876
gold

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>>136894693
Debt.

Precious metals rise and fall in value and prices are easily manipulated by anyone with large stockpiles of those resources. Debt always increases in value. Debt will always beat inflation. Debt will always beat Wall Street. People always want more shit than they deserve and are too impatient, short sighted and uneducated enough to understand their own finances, so there will always be large herds of sheep willing to sign themselves right into slavery.

>>136894693
>>136894852
Hour's worth of labour is good.

The real danger with fiat money is interest.

At the moment the central bank can print money out of thin air.. but if that wasn't bad enough.. they can charge interest on that money they printed out of thin air.

I mean interest was meant to offset opportunity cost. (If I lend you 1000, you gotta pay me back 1000 + what *I* could've done with that 1000 while you were borrowing it).

But printed money doesn't have opportunity cost. It's not like the central bank could've done something else with the money it literally pulled out of thin air.

Your taxes are going towards paying off this central bank interest on money printed out of nothing. In short Your literally trading your hard work and labour for interest on fake money. Probably all going back to ((them)).

>>136894693
My big pecker

>>136895892
well said anoon

>>136894693
negro ears

>>136894693
Bitcoin is shit

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>>136894795
>Fiat works pretty well if managed correctly desu.

Finite ressource

>>136895895
They don't print money and throw it from the roofs anon, they use it to buy less liquid assets and free up financial markets

>>136894693
Dead Jews

>>136894693

White babies.

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>>136894693
Ashes

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Weed

>>136894693
gold, you fucktard

memes

>>136896670
> Taking economics advice seriously from a libertarian
the overwhelming majority of respected mainstream/academic philosophers are Keynesians and realize that fiat can work just fine.

>>136899244
*economists, not philosophers

>>136898664
unironically this.

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>>136894693
It should be backed by Republican voters' intelligence.

It would be worth zero.

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>>136894693
The blood of martyrs.

Salt, Bread, Cattle, Spice, Cooper, Silver Gold, Platinum and, Palladium.

dead kikes

Pain.
Just pain.

Alternatively, blowjobs.

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>>136899244
>appeal to authority

>>136894693
Blowjobs

>>136894795
>fiat
>works

>managed correctly
>government
HAHAHAHAHHAAHHA gtfo of here nigger

white women

>>136894693
Shekels

>>136894693
PRODUCTION BASED ECONOMY

>>136900229
> Ad hoc made up bullshit about economics vs. tons of empirical data in support of Keynesianism and fiat currencies
Are you aware that there were actually more market booms/busts, etc. and greater general economic instability under the gold standard than fiat and central banking monetary management?

>>136894693
Gold pressed latinum

>>136899503
14 years old, the post

>>136894693
Shit skins, shrunken BBC and fossilized jew noses

>>136894693
water? labor?

>>136894693
if money was backed by something how can the jews systematically crash markets and extract the hard assets as part of a 'business cycle'. Who would even want that?

>>136894693
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD
GOLD
>GOLD

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>>136900561

>>136894693
Non-depreciable rarity aka gold

>>136894693
there is nothing inherently wrong with fiat currency.

It's that it is created as interest bearing debt by private banks that is the problem.

>>136894852
Mein neger. Everyone needs to read Feder.

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>>136900552
yes, in fact. i never formally disagreed with you, i only pointed out a fallacy. i don't disagree with any style of currency, only the use of a single currency enforced by government. it's too easy to manipulate people when you can manipulate the only currency they're allowed to trade in. ideally americans would have a choice in whatever currency they wanted to use. i believe in the choice to only trade in pic related.
>inb4 inefficient
gost of freedum :DD

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>>136899244
> implying keynesianism isn't fabian socialism
> actually defending socialist policies

It is backed by Janet Yellen's word and good name.

What more do you want people? Jeez.

>>136901174
Have a chuckle
http://franklintheturtle.wikia.com/wiki/Franklin_Turtle

>>136900552
One rule of making money is that you want to avoid instability. (((They))) couldn't be happier to have a central bank that has a stranglehold on economic activity.

>>136894693
Nothing, or whatever money can buy in the state the currency belongs to.

>>136894693
ta note is not money. only gold and silver are money. everything else is debt.

>>136894693
Gold
>>136894795
Kill yourself you worthless communist statetist trash

blood of virgins

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>>136901699
hahaha, franklin is a jew? that would explain a lot about that show actually.

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>>136901427
this so much

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>>136902769

>>136894693
My dick

Preferably something universal. Gold is alright, but sci-fi things like energy or Bitcoins could also be cool. I can't really think of a standard that doesn't favor some nations over others.

>>136894693
Silver? No, Platinum! How about copper? If only there was a precious metal everyone everywhere associated with money.

>>136894693
quantum encryption and limited supply