I'd rather return to a currency backed by something solid, and not the full faith and credit of the US government, which is, frankly, worthless.
So is "something solid" potentially worthless. Anything is worth what someone will pay for it, period. Gold used to be rare and with an aura of worth, the same as other precious metals. They no longer are nor are diamonds. Their values are artificial, just as the dollars.
Remember, something, anything, is worth what someone will pay. The dollar is backed by the U.S. government, whether you trust them or not, and today we are still the most stable, the strongest, and the most dynamic economy in the world, despite the best efforts of the Democrats and other leftists. Therefore the dollar is sounder than any alternative.
At one time we said that a dollar was worth a certain amount of gold. Now we say gold is worth a certain amount of dollars. World wide trade, especially considering the population of the earth today, makes a gold standard impossible to reestablish nor would it be as flexible as today's dollar.
I'd rather return to a currency backed by something solid, and not the full faith and credit of the US government, which is, frankly, worthless.>>>>>>>>
Me too, our conversion to fiat money has resulted in unending inflation which is being very much understated in official figures. Most of those now under forty years of age have no real understanding of this. A lunch for two at McDonalds now can cost more than what the average person earned for eight hours work when I was a small child,(I was born in 1944). A Ford model 8n farm tractor cost around $600.00 new when I was a little guy, the same amount now is not even a good week's wage. We have reached the point that anyone with a halfway decent job will earn as much in two years as my father earned in his life time and he supported a wife and four sons. My mother only worked a job for a short time when I was very small and she started out in a sewing plant for 20 dollars a week and received a raise to thirty dollars a week after completing training. She said she didn't know what to do with all that money as it was more than she had ever seen in her life. The dollar has been devalued beyond recognition and the process continues.