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I agree. G. Edward Griffin makes the point very well in his book, [i]The Creature From Jekyll Island[/i]. He basically says that with any fiat currency, whether a value based or debt based one, that no human being has the restraint to pull the lever of the printing press "only this one time". Nobody on the planet is ever capable of exercising any restraint in such a system. Even the most well meaning cannot do so. They will ALWAYS go crazy with it. They will ALWAYS find some "emergency" to justify it.

I prefer hard money, not because there's anything terribly special about precious metals. But simply because they act as a check against human nature. They prohibit you from getting something from nothing. And that's the beauty of it.