Originally Posted by Ploofy
I tend to dislike currency that has no intrinsic value, like Gold. And Paper, to be fair, but I still like currency over metal.
While I agree that gold has no practical value beyond the emotional attraction others hold for it, it has proven itself over time to be so consistently desired over all areas of the globe that it has de facto intrinsic value.
Paper currency that represents something of value that exists today rather than something that may exist in the future
is fine provided it isn't overproduced. Right now, our currency is based on future labor. Another term for that is "debt".
Other than precious metals, what did you have in mind to use as an anchor for our currency?