1. I'll give you that since it doesn't really effect the point I was disproving -- that government is need to print and regulate currency.
2. That is the incorrect conclusion to draw, they didn't want to accept dollars because the new that the government would inflate their value away as every government that has ever existed has done without fail.
'They' in 2. being the people who controlled the alternative money supply, ie the gold. C'mon, don't you think there might have been even a little bit of self-interest at work there?
2. That is the incorrect conclusion to draw, they didn't want to accept dollars because the new that the government would inflate their value away as every government that has ever existed has done without fail.