Friday, 5 October 2012

If something can be printed it is not money

Money is generally regarded to be the most (or one of the most) commonly-circulating units of exchange. Something which can be printed has no value and something without value will never serve as a legitimate form of money. People currently (and mistakenly) believe fiat currencies have value and are money but that belief is wrong. Something which can be printed is not money because it has no value. Something with no value will not circulate as currency. Money requires value and something which can be printed has no value. Money can't be printed... by definition.

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