European Tribune - Comments - Why is the dollar so important, and what happens when it tanks?

Why is the dollar so important, and what happens when it tanks? | 92 comments (92 topical, editorial, 0 hidden)

Re: All currencies are fiat currencies (none / 0)

"A symbol of worth that everyone agrees on" is a fiat currency. It is a symbol, and its value is consensual.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2005 at 06:23:10 PM EST
[ Parent ]

Re: All currencies are fiat currencies (none / 0)

Exactly my original point! My point (in case it is as really fucking confusing to you at this point as it has become to me), is that there can be a percieved threat to this idea and that, because it is intangible, it will be fought more ferociously. What point are you making? And please, please to not bring math into it! My head's gonna explode already!!

Maybe we can eventually make language a complete impediment to understanding. -Hobbes

by Izzy (izzy at eurotrib dot com) on Wed Nov 23rd, 2005 at 06:30:45 PM EST
[ Parent ]

Re: All currencies are fiat currencies (none / 0)

We're just agreeing to agree.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2005 at 06:38:55 PM EST
[ Parent ]

Re: All currencies are fiat currencies (none / 0)

Oh, thank goodness! Can we tell each other how smart and wonderful we are now? Migeru, you're like a brother to me!! Well, except that math thing would be sort of freakish in my family, but besides that...

Maybe we can eventually make language a complete impediment to understanding. -Hobbes

by Izzy (izzy at eurotrib dot com) on Wed Nov 23rd, 2005 at 06:46:09 PM EST
[ Parent ]

Re: All currencies are fiat currencies (none / 0)

You're so smart and wonderful, please spare me the compliments.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2005 at 06:48:51 PM EST
[ Parent ]

Why is the dollar so important, and what happens when it tanks? | 92 comments (92 topical, 0 editorial, 0 hidden)

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