Comment Re:probabilities? (Score 1) 238
I'm not claiming that the way the economy of the US is managed is good. It's not. It's massively mismanaged. I'm just saying that backing it against a dense yellow metal alone makes no sense versus backing it against all assets. Yes, actually figuring out the worth of all that stuff is a difficult, probably intractable problem. Of course, the same thing is true of gold, which has little rational basis for its value. The fact is, all money is just a shared fiction that we take part in to make trade easier, even the stuff backed by a vault full of dense yellow metal.