Replying to Avatar OneBigLife

Fiat money summarised

£50 note:

- cost of production: £0.07

- value according to govt: £50

1oz gold Britannia

- cost of production: £3,000 (price of 1oz of gold)

- value according to govt: £100 (check the coin image below)
Avatar
OneBigLife 2mo ago

The Party told you to ignore the evidence of your eyes and ears.

It was their final, most essential command.

- George Orwell, 1984

Reply to this note

Please Login to reply.

Discussion

No replies yet.