If fiat currencies are all being incinerated, why is the euro at nearly $1.20 this year? Yes, the same euro that was nearly ...
Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...
Fiat currency is backed by government resources, not physical assets like gold. Fiat allows flexible money supply management, aiding economic stability. Political instability and mismanagement can ...
Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.
Investors are not abandoning dollars so much as they are abandoning fiat currency in favor of gold. Gold is rising as a share ...
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What is Fiat Money?
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Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...
Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...
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