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Re: The Value of Money

On Wed, 4 May 1994 [email protected] wrote:

> Actually, there is no connection between the gold and our money.  I.e.
> you cannot take US $ to Fort Knox (or any other government location) and
> get gold for it.
> This is why some posters have referred to "fiat money" - the $ is money
> because the government says it is.
>                               Reynolds

Unless of course you have a $ bill that is a specie note.  I have a few ten
dollar bills that state that they are redeemable for specie.