Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: GourmetDan; semantic
FRNs are indeed backed by a beer-standard. LOL

Hey you're right!  The fed's mission is to regulate the dollar's value as measured by indexes such as the cpi, ppi, gdp deflator, etc, which all include the price of beer in the calcs.

Learn something new every day I guess...

277 posted on 08/12/2010 8:31:19 AM PDT by expat_panama
[ Post Reply | Private Reply | To 246 | View Replies ]


To: expat_panama
"Learn something new every day I guess..."

I'm curious as to whether you learned how wrong your statement was in post #233 when you said "FRB creates gold based bank notes..."?

281 posted on 08/12/2010 8:44:56 AM PDT by GourmetDan (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left.)
[ Post Reply | Private Reply | To 277 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson