[comp.lang.forth] Legally tender

wmb@MITCH.ENG.SUN.COM (03/15/91)

> The "currency" of the USA is no longer tied to any commodity

The "value" of gold is sort of arbitrary too.  I can't think of
any substance whose value is absolute.  Any kind of currency has
value mostly because people agree to treat it as such.

I guess the nice thing about gold is that the total supply changes
relatively slowly.

Mitch Bradley, wmb@Eng.Sun.COM