Find solution
How do you float a dollar?

Is it a good idea to allow the US Dollar to float as a fiat currency as it does now?

  • A US dollar used to be a fixed weight of silver or gold, now it's backed by nothing. Is it a good idea to have people's savings tied up to a politically rigged system which will dilute it at will?

  • Answer:

    Yes. No country currently uses a gold or silver standard - that alone should tell you something.

Robin Green at Quora Visit the source

Was this solution helpful to you?

Other answers

The dollar is backed by assets held by the Federal Reserve. In theory, that is much better for price stability than a fixed link to one or two particular commodities. In practice, the Federal Reserve has taken too many risks, may not be sufficiently independent, and tells us that 2% per annum inflation (which is high by historical standards and causes prices to double in little over a generation) is price stability. Our current system seems to be better than a gold or silver standard, but there is room for improvement.

Jorgen Harmse

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.