My best (stupid) guess is weapons. US gov has a ton of weapons. Already sells tons of weapons. Now the prices will always remain stable. Other countries would love to know that 30 million usd would always be able to buy an f15. Other countries declaring war will increase the value of the USD, as buying weapons from us government will decrease amount of money in circulation.
I’d base it off of love and compassion, and instantly watch the value sink to the negatives.
But then profits would hinge upon such concepts. It might actually be brilliant long term.
And then you ask yourself, is it possible to game the sociopath into working for humanity instead of against it?
Pogs
Finally, my collection of Pogs will be worth something!
Remember ALF?
He’s back!
In pog form!
If you want a non-fiat currency, you want the backing thing to:
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Not be easily produced/obtained, and to have a fairly predictable cost of production/obtaining.
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Be fairly-rare, so that it can be value-dense, to reduce storage and transportation costs.
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Not degrade.
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Be hard to counterfeit.
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It would be nice if it were divisible.
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Not have much by way of critical non-backing uses, so that its use here doesn’t distort that.
Probably gold. It ticks pretty much all the boxes; there’s a reason that it was used in the past.
The big problem for me was something Ben Bernanke said: the process of taking gold out of a hole in the ground (a mine) just to put it into a different hole in the ground (a vault) is a pretty terrible waste of resources. And you need to continue mining it in order to stave off deflation, which means you have to keep doing that forever; and eventually that’s just not going to work anymore. Mining gold is only going to become more expensive as time goes on.
Not to mention, our economy is too big and moves too quickly for gold to be a moderating force to inflation anymore. The numbers are just too big and moving too fast; we need a more nimble lever, and right now interest rates are a pretty good one.
All of that to say, there’s a reason every country has come off of the gold standard since the mid- to late-20th century.
All of that to say, there’s a reason every country has come off of the gold standard since the mid- to late-20th century.
Because controlled inflation is necessary for an economy to function and nothing but a fiat currency has the desired characteristics.
Gold is still the best option if you insist on having the currency backed.
I mean we would use gold in electronics a lot more if it wasn’t considered valuable. So it’s not perfect because it actually has a wonderful use outside of being valuable.
Rather unlucky society picked gold and silver to he valuable with how useful they.
It could actually be a benefit if it does slowly degrade. Let’s support work, not hoarding.
That’s what inflation is and why governments target a low but positive level of inflation with monetary policies. The fact that your dollar slowly loses value pushes you to reinvest it. Very few rich people are just sitting on piles of cash.
If they didn’t also aggressively suppress increases to minimum wage and tax recapture benefits, I might agree, but in the long run inflation does more to devalue labor than it does to mitigate hoarding.
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KWh
Energy credits coming in hot.
crypto currencies. Just to fuck with all those crypo shills.
Seeing heads explode because of USD and StableCoins both being pegged to EACH OTHER… yeah, I can get behind that. I’ll bring popcorn for you too.
Rubber ducks. Would be sweet to know how many one can get for bills when needed.
The US Dollar.
No way to back any currency anymore. So I choose to be backed as is by a bunch of manmade zeros into a computer network.
Maybe people. A country with lots of people should at least in theory be capable of achieving the most “stuff”. You already rent people for a limited amount of time when you employ them.
God, imagine a country going into irrevocable debt and having to actually export people.
Also, currency would fluctuate wildly as people immigrate/emmigrate.
Do you count tourists? Illegal immingrants? Legal, but not sovreign, citizens (or whatever the term is for someone working in a country on a visa)?
What if people fudge their measurements?
Does put a direct price on war, i guess.
Freedom.
So the more money you have, the more freedom you have?..
I think it already works like that.
No, the more freedom America has, the more value American currency has. Our currency would be backed by freedom and eagle sounds, not the other way around.
Removed by mod
Every dollar is a square inch of the moon owner ship!
McNuggets
Looney Tunes box office figures
American cheese. Your cheese would gain value over time, because the held amount would diminish in the form of grilled cheese sandwiches!
Pretty sure that’s how that works.
Other countries declaring war will increase the value of the USD, as buying weapons from us government will decrease amount of money in circulation.
I’m not sure if I’m misunderstanding this, but wouldn’t that decrease the value of the dollar?
If the US Gov owns less weapons (because they’ve been sold) but the populace has the same number of dollars, then the value of those dollars must be decreased because there are less weapons backing it.
Well to get the thing that is backing the dollar, they would have to turn in us dollars that would be taken out of circulation . So a bunch of countries at the same time would get a bunch of USD and turn them in.
