21 Apr 2023 10:40 am
No one just prints up the gold, it takes labor and some luck to get it.Xavier_Onassis » 21 Apr 2023, 10:28 am » wrote: ↑ Mining gold is as artificial a process as manufacturing products, refining petroleum, or growing crops. I takes energy and expensive equipment to dig gold ore, which is well under 1% gold, and to refine it.
There is no such thing as "nature's money". Economics are a human activity, not a natural one.
Trading seems to be a natural human activity and so it was preferable to have a gold-silver trade unit where a third party (such as a king) was not collecting an excessive percentage of your individual free enterprise trade deal, as a sons of liberty group member you should understand some of this stuff.