Comment Re:And OP is retarded. (Score 1) 335
You are absolutely correct. I think the thing that people who dislike "fiat currency" or advocate a return to the Gold Standard tend to forget is the single core principle that, since Adam Smith's days and before, has always defined market-based economies: "A thing is only worth what someone is willing to pay for it."
And the same holds true for gold, silver, salt or Beanie Babies: whatever you think it's worth means nothing if you can't find someone to sell it to for that price. "Inherent value" of a commodity is a lie in the sense that it is never truly fixed and an unalterably safe store of value. Today, most people in the developed world think that a small piece of paper with a dead white American politician on it is worth something, and they agree on what that value is. You could say to them, "but I have gold!" but to most people that is actually worth nothing to them except for what they could turn around and convert it back into currency for. The only thing that has inherent worth is whatever you are trying to buy or sell from someone thinks has inherent worth.