On 16/5/23 13:23, David wrote:
solidly founded on the national asset-base ...
Do any national currencies have an asset base? Isn't it all fiat money now? That is, an Australia dollar is worth whatever someone is prepared to exchange it for. The Australian government doesn't guarantee to give you gold, or anything else, in exchange for it.
-- Tom Worthington http://www.tomw.net.au _______________________________________________ Link mailing list [email protected] https://mailman.anu.edu.au/mailman/listinfo/link
