MoogTheDuck t1_j4m9zgl wrote

I think you're missing something... in parliamentary systems there are public servants (in canada, deputy minister) who in theory is the expert on the portfolio. The minister is the politician accountable (politically) for the portfolio. It's not as if the defence minister is 'running the army' all by themselves.

Not saying it's better or worse, and certainly I have seen abject morons given a portfolio when they can't tie their own shoelaces.


MoogTheDuck t1_j1gvb2g wrote

You aren't really asking about gold, you're asking about fiat currency. Some people say that the US dollar (or any fiat currency) isn't real, has no intrinsic value, only exists because we say it does... this is not true. Fiat currency is backed by law and the state's monopoly on legal violence. To say that the dollar is useless is basically saying the US economy doesn't exist.