Quote Originally Posted by georgie_leech View Post
The Stone age lasted for thousands of years; does that make it a superior alternative to steel? And "This coin is 2600 years old" is not the same as being usable currency for 2600 years.
We are comparing currencies, not tools. And the facts are on my side, intrinsic currencies tend to be much longer lasting than their fiat counter parts. But, yes, I do agree- the authors claim of 2600 year stability based on the age of a coin was not good. However, there are many empires that lasted several hundred years with gold and silver as their currency.

Quote Originally Posted by woweedd View Post
Yes, your idea works...As long as supply remains stable, which is by no means a guarantee. With fiat currency, you can ensure that the growth of the economy and the amount of currency in circulation keep pace. You're making our arguement for us.
No fiat currency matches its population. It is designed to create booms and overspends, always. Just look at the debt clocks from around the world; those numbers are going up WAY faster than their respective populations. And their buying power is dropping in kind.