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[–] avgwhtguy1 0 points 2 points (+2|-0) ago 

All economies are labor backed. I think you meant labor backes currency, which I dont advocate for, I just said you cant have a rare currency or your economy will be stagnant.

How can you say currency doesn't need backing and then back it by gold?

I agree it needs rigid rules, but that's not a good enough reason to back it by gold.

There are better ideas, don't be afraid to think outside the goldbox.

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[–] go1dfish 1 point 0 points (+1|-1) ago 

Yeah I meant currency.

How can you say currency doesn't need backing and then back it by gold?

Physical backing is one way to achieve an independent rule set, but not the only way.

Cryptocurrency is another.