Hey theTrav how's about you and Laremere just go play miniature golf, ok?
Here's the jorb posts that fucking nobody bothered to link or bring out that I had to scrounge up on my own:
jorb wrote:Bank notes are of course excellent inventions as long as they are backed by a meaningful currency standard.
jorb wrote:And it will be a stormy night in Pleasantville before I introduce fiat currencies in Haven. The beauty of make believe is that you can eliminate some of the less pleasurable aspects of RL.

And, yes, it could be a bundle of fun if nations, for example, could strike coins with their names on them. There are, however, some problems related to that. We'll see.
And, also, there will be no attempts by us to try and regulate the value of in game items (Coins included). The hopeless futility of "plan economy" (A form of socioeconomic system, thusly named because of its rampant lack of planning) is no less real in a game than it is in real life.
jorb wrote:Debased currencies!? Some evils should be kept out, even of computer games.
(I might consider it, as an interesting economic experiment, if nothing else. But I'm going to hate myself every step of the way. Long live the gold standard.)
None of what's being asked for is either a mechanically enforced fiat currency or a standard-backed currency but just the ability for our townships to make our own decisions regarding our economy.
If we want to have THE CHARCOAL STANDARD or whatever backing it, or if we want to be some nightmarish, statist, dystopian, big brother government throwing out fiat flaxbills willy-nilly with a stamp on them, or if we just want the coins to be worth their weight in whatever they're made of, that should be left
up to us.
Using metals as a commodity money hasn't worked mainly because there's no real sink for it, besides the occasional repairs and replacing armor once in a blue moon, and so hasn't been accepted as a reliable good to trade in. Artificially generating a sink for it with something goofy like the NPC store manager wages suggestion in the "Shops" thread is plan-economy regulative bullshit.
So frankly we still don't really *have* a reliable currency, and can't until we open up the possibility of a standard-based representative money AND fiat money through a signature system.