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Comment by mikewarot | Hacker News Reader

I carry a real United States Dollar, minted in New Orleans in 1901, as an example of hard currency, aka real assets.

It takes between 38 and 39 paper Reserve Notes to equal its value. If Trump isn't removed, I expect it to be 100:1 before the midterms.

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I can't recommend enough that you read "How Countries Go Broke" by Ray Dalio. There's even a free PDF: https://economicprinciples.org/downloads/How-Countries-Go-Br...

Dalio explains the currency cycle, which starts with hard currency, goes through some various stages until there's pure fiat, and then goes back to hard currency.

I mean, you can't use it in any meaningful way as currency without involving the "fake" dollars, whys it the real one? It's hard to even talk about it without mentioning those other dollars!

Have to imagine someone carrying around a real book of laws (maybe they have Leviticus, or the Code Napoleon, or they've got a nice re-chisel Hammurabi's tablets) - unlike the paper law of today

It's more "real" because it has value that doesn't decrease arbitrarily when the people in power decide to print a couple trillion to deal with the latest hot topic.

The value of silver has also been decreasing arbitrarily as traders trade it! Just like real live dollar bills! That's literally what the article is about, Silver is finally making it back to prices (in real dollar bill terms) not seen for 14 years.

Yes, the prices of all things vary according to the market supply and demand. That's very different from the government creating 25% inflation in 5 years.

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