Lumifer comments on Items to Have In Case of Emergency...Maybe. - Less Wrong

25 [deleted] 03 April 2014 12:23AM

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Comment author: Lumifer 10 April 2014 04:40:33PM 2 points [-]

In a world where there are generally accepted forms of money, I can rely on that general acceptance to safeguard the value that I store as money.

The "general acceptance" provides you with liquidity but it offers no guarantees at all about the value of your banknotes.