| One of my favorite books is "Making Money" by Terry Pratchett. In it, a former con man, Moist von Lipwig, is put in charge of the mint by the city's benevolent dictator. He is opposed by the head clerk of the bank, Mr. Bent -- who is all about the virtue of gold. Mr. Bent insists that acurrency must be backed by gold in order to be truly legit.
On the other hand, Moist believes that it's OK to print money. And as long as it goes 'round and 'round, everything will be fine -- whether or not there's actual gold in the bank's vault...............................................Full Article: Source
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