Hacker Read

atom-morgan | karma 1696 | avg karma 2.29 · 2014-03-14 16:21:20+00:00

Well they're almost all monopoly currencies (not a reference to the game) that are run by people who can increase the money supply.

mpyne | karma 7580 | avg karma 1.88 · 2014-03-14 16:26:23+00:00

So basically we can just plug your 27 year figure into a probability density function to find out how many more years we can expect the USD to be kicking around? How many years does it have left, at varying levels of probability?

dllthomas | karma 14749 | avg karma 1.38 · 2014-03-14 16:44:31

The incentive of a monopoly is to underproduce.

atom-morgan | karma 1696 | avg karma 2.29 · 2014-03-14 17:32:40

The Fed and a government that likes to spend has proved otherwise.

dllthomas | karma 14749 | avg karma 1.38 · 2014-03-14 17:59:44

Not at all. If production of dollars was competitive, they would be priced near the cost of production. I'm not saying there are no valid critiques of USD and our monetary system. I'm saying that it is not bad for the reasons monopoly is usually bad.