Slashdot Mirror
Are Tablets Just Too Expensive?
An anonymous reader writes "Over at PCWorld they're asking a simple but valid question: Are tablets just too expensive? They point out that, weight-for-weight, pure silver is cheaper than most tablets, and that, like jewelery, tablets are highly thievable. The worst thing might be that the nascent tablet platform gets written-off as a high-priced niche for people with more money than sense."
It is rare, but not too rare, it is very inert, and it is easy to identify.
That's why fiat currency is so great. It's exactly as rare as we decide it should be. It can be made easy to identify and hard to forge. It's not exactly inert, but in a paper currency, that's a benefit, as the supply can be reduced through attrition. To link a paper currency to gold just removes our ability to adjust its rarity. Gold is great in a collapsed society that can't rely on a central authority to limit the money supply, but in a civilized country, it's just too limited.
The only problem comes in when people can't agree how rare the currency should be. Some people think we have too much, some think there's too little, others think there should be no choice in the matter and it should be set based on a pile of gold bars stashed away being unhelpful to anyone.