- Adam Druit
- Medford, MA
- United States
Can anyone here defend the use of metal backed currency in this day and age?
I've read several comments on these boards that suggest something akin to the following:
"If only the US would get rid of it's 'paper' (I assume people mean fiat) currency and go back to gold/silver, everything would be better."
What I have yet to see is any defense of this position. Why? Would someone mind helping me to understand why a backed currency is intrinsically better than a fiat one?