Quote Originally Posted by TheCurmudgeon View Post
The reason I preferred not having money is because non-specie backed money (paper currency not tied directly to the value of gold or silver) the value of the money is largely dependent on the trust in the value of the government. Where there is a weak government you tend to have high inflation.
Excellent, you just exposed the Gold and Silver fallacy. How do you determine what gold or silver is worth....a government sets a "Price" on what it is worth and that "Price" becomes Money kept in a bank account which is why using a gold or silver standard has never worked and certainly will never work in any type of modern economy. I agree with you, you would probably be best using a foreign currency at least to start with. But debt can be crushing to developing countries.